Dragon King

The Dragon King refers to a concept in statistics and social science that describes extreme events or phenomena that significantly stand out from the norm. It’s linked to the idea that certain rare events, like natural disasters or financial crashes, can have vast impacts and may follow a different set of rules than more common occurrences. This concept highlights how traditional models may fail to predict these extreme events, which can lead to catastrophic consequences. Understanding Dragon Kings helps researchers and policymakers prepare for and mitigate the effects of such unpredictable, high-impact occurrences.