We’ve seen a number of outlier events in 2016, but the experts predicted them poorly and are labeling them “black swans.” According to Nassim Taleb, black swan events are highly unexpected for a given ...

Normal distribution curve that illustrates standard deviations. Each band has 1 standard deviation, and the labels indicate the approximate proportion of area . Source: M. W. Toews Creative Commons ...

Curious about the craziest odds and unexpected probability events? This mind-blowing video showcases rare occurrences that seem impossible! From rare statistical events to improbable situations, ...

Two events are independent if the probability of the first event happening has no impact on the probability of the second event happening. If the probability of one event happening affects the ...

Welcome to my new blog here on Forbes.com. Over the new few months I’m going to be talking about a couple of quite disparate but fascinating areas: book publishing and high-impact low-probability ...