40 Algorithms Every Programmer Should Know

A practical example – black swan events

Algorithms input data, process and formulate it, and solve a problem. What if the data gathered is about an extremely impactful and very rare event? How can we use algorithms with the data generated by that event and the events that may have led to that Big Bang? Let's look into this aspect in this section.

Such extremely rare events were represented by the black swan events metaphor by Nassim Taleb in his book, Fooled by Randomness, in 2001.

Before black swans were first discovered in the wild, for centuries, they were used to represent something that cannot happen. After their discovery, the term remained popular but there was a change in what it represents. It now represents something so rare that ...