rare events

Rare events are occurrences that happen infrequently or have a very low probability of happening. They are unusual or unexpected outcomes, such as extreme natural disasters, unexpected financial crashes, or rare medical conditions. Because they occur so rarely, they can be difficult to predict or prepare for, but understanding their likelihood helps in managing risks and making informed decisions. In fields like finance, insurance, and science, studying rare events is important to assess potential impacts and develop strategies to mitigate their effects.