Hello, you have come here looking for the meaning of the word tail event. In DICTIOUS you will not only get to know all the dictionary meanings for the word tail event, but we will also tell you about its etymology, its characteristics and you will know how to say tail event in singular and plural. Everything you need to know about the word tail event you have here. The definition of the word tail event will help you to be more precise and correct when speaking or writing your texts. Knowing the definition oftail event, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
Each of the two cylinders contain a tail, as understood in the context of sense 1: only the sequence members that come after some index.The orange parts represent the sense of tail used in sense 2: the part of a distribution farthest from the main body. The exact point at which the "tail" begins is entirely arbitrary.
2012, Masahiro Kawai, Eswar S. Prasad, New Paradigms for Financial Regulation: Emerging Market Perspectives, Brookings Institution Press, →ISBN, page 186:
Exactly two years later, it was shattered by the force of a tsunami equivalent to the impact of 250 jumbo jets flying at 1,000 kilometers an hour—the very apotheosis of a real tail event.
2013, Mark Spitznagel, The Dao of Capital: Austrian Investing in a Distorted World, John Wiley & Sons, →ISBN, page 243:
... When the MS index is high ex ante, subsequent large stock market losses and crashes are no longer tail events at all—rather they are perfectly expected events.
2012, Masahiro Kawai, Eswar S. Prasad, New Paradigms for Financial Regulation: Emerging Market Perspectives, Brookings Institution Press, →ISBN, page 185:
Policy frameworks anticipating only “ordinary” shocks within the usual economic cycles may not be very effective in mitigating the impact of such tail events when they actually materialize.
