Black swan models for the entertainment industry with an application to the movie business

Success in popular entertainment is highly unpredictable. Yet it is the high-impact low-probability events—known as ‘black swans’—that drive entertainment industry profitability because success is highly concentrated on a small number of winners. In this research, we apply recently developed statist...

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Veröffentlicht in:Empirical economics 2020-12, Vol.59 (6), p.3019-3032
Hauptverfasser: Walls, W. D., McKenzie, Jordi
Format: Artikel
Sprache:eng
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