What Is A Grey Swan Event?

What Is A Grey Swan Event?
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  1. Going by the definition: “Grey swan is a term used to describe a potentially very significant event that is considered unlikely to happen but still possible. Because there is a slight chance the event will occur it should be anticipated, particularly as it could shake up the world, economy, and stock market.”
    Broadly speaking, we can say that a grey swan is a highly probable event with three principal characteristics. Firstly, it is predictable. Secondly it carries an impact that can easily cascade; and lastly we concoct an explanation that recognizes the probability of occurrence, but shifts the focus to errors in judgment or some other human form of causation. These can be positive or negative and significantly alter the way the world operates, which is why we are urged to take them seriously. some of the examples of grey swans include climate change, population growth, and rising debt.

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