Abstract
The author Nassim Taleb has coined the term “Black Swan” event to describe a very low probability event that come as a surprise and has a major effect in the field in which it occurs. He suggests that such events have occurred in history, finance, science, and technology more frequently than one can expect from stochastic theory. The discovery of the Antarctic Ozone Hole fits this description well. In this paper, we describe the events surrounding this discovery and the role of NASA satellite data before and soon after the seminal paper by Farman et al., in May 1985 that first brought this phenomenon to the attention of the broader science community.
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