Lone Star’s approach to delivering immediate, measurable and sustainable value through edge analytics is to build and deploy virtual models of system or component failure at the point of need.

Black Swans: Frequent Once-in-a-Lifetime Crises Randal Allen, John Volpi, Lone Star Analysis, Addison, TX rallen@lone-star.com, jvolpi@lone-star.com ABSTRACT Nassim Taleb (Taleb 2010) labels black swans with the following attributes: rarity, impact, and retrospective apparent predictability. However, Benoit Mandlebrot (Wright 2007) claims gray swans are events of…

The “Wisdom of Crowds” is powerful. It helps us understand what is likely. However, extremely unlikely data tails of a distribution are more difficult. "Humans are not very good at probabilistic thinking. Kahneman and Tversky formulated Prospect Theory to explain how our intuition breaks down....