June 2020
Intermediate to advanced
382 pages
11h 39m
English
Content preview from 40 Algorithms Every Programmer Should Know
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Applying algorithms to black swan events
There are majors aspects of black swan events that are related to algorithms:
There are many sophisticated forecasting algorithms available. But if we hope to use standard forecasting techniques to predict a black swan event as a precaution, it will not work. Using such forecasting algorithms will only offer false security.
Once the black swan event has happened, predicting its exact implications on broader areas of society including the economy, the public, and governmental issues is not usually possible. First, being a rare event, we do not have the right data to feed to the algorithms, and we do not have a grasp of the correlation and interactions between broader areas of society that we may have ...
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