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You have read about the concept of Black Swan. You now wonder if the COVID-19 pandemic could be described as a typical Black Swan event.

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You have read about the concept of "Black Swan. You now wonder if the COVID-19 pandemic could be described as a typical Black Swan event. Indicate the key criteria of a Black Swan event and the differences with those of a known event or an extreme yet plausible event. (10 marks) (d) Demonstrate whether the sudden spread of the COVID-19 pandemic can be defined as a Black Swan event. (15 marks)

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