Dragon Kings

Dragon Kings are rare, extreme events that stand out from typical patterns of rare occurrences, like major financial crashes or natural disasters. Unlike regular, unpredictable events, Dragon Kings often result from specific underlying causes or feedbacks, making them unusually intense or impactful. They are considered "kings" because of their dominance over normal fluctuations, often signaling systemic shifts or tipping points. Recognizing Dragon Kings helps in understanding and preparing for these extraordinary events, as they are not just bigger but fundamentally different from more common, smaller incidents.