The 'Oumuamua Encounter: How Modern Cosmology Handled Its First Black Swan

Abstract

The first macroscopic object observed to have come from outside the solar system slipped back out of sight in early 2018. 1I/2017 U1 ‘Oumuamua offered a unique opportunity to test understanding of gravity, planetary formation and galactic structure against a true outlier, and astronomical teams from around the globe rushed to study it. Observations lasted several months and generated a tsunami of scientific (and popular) literature. The brief window available to study ‘Oumuamua created crisis-like conditions, and this paper makes a comparative study of techniques used by cosmologists against those used by financial economists in qualitatively similar situations where data conflict with the c..