What is a Black Swan event?
How is this related to a power law or pareto distribution?
What is the 80-20 rule? How does the tail of a power law compare to the tail of a normal distribution?
What does this say about the likelihood of "dramatic" events happening?
Using one of the following plots (or one of your own that you find), discuss the implications of planning and decision making, if one assumes a power-law distribution instead of a normal (i.e. Gaussian) distribution.