Discussion and Debate: from black swans to dragon-kings - Is there life beyond power laws? (2012)
D. Sornette and G. Ouillon
editors of the special issue of The European Physical Journal (May 2012)
Special Topics on
Discussion and debate: from black swans to dragon-kings - Is there life beyond power laws?
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
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