Black Swans and Mortality Risk

In The Black Swan: The Impact of the Highly Improbable, Nassim Taleb explains the realm of the black swan. The former Wall Street “quant” turned philosopher describes two worlds: “Mediocristan,” where events far from the ordinary rarely happen, and “Extremistan,” where unexpected and unpredictable events – black swans – can occur.

http://www.transamericareinsurance.com/Media/media_associateArticle.aspx...