ETH - Entrepreneurial Risks

Dragon-kings are defined as extreme events that do not belong to the same population as the other events, in a precise quantitative and mechanistic sense. The hypothesis articulated in (Sornette, 2009) and elaborated in this special volume is that dragon-kings appear as a result of amplifying mechanisms that are absent or not fully active for the rest of the population.

This gives rise to specific properties and signatures that may be unique characteristics of dragon-kings. We explore the generality and applicability of this concept and find significant relevance for the natural, biological and social sciences.

Introduction and synthesis chapter:

D. Sornette and G. Ouillon
Dragon-kings: Mechanisms, statistical methods and empirical evidence

Springerlink

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