Statistical Consequences of Fat Tails: Real World Preasymptotics, Epistemology, and Applications (Technical Incerto) Book + PRICE WATCH * Amazon pricing is not included in price watch

Statistical Consequences of Fat Tails: Real World Preasymptotics, Epistemology, and Applications (Technical Incerto) Book

The book investigates the misapplication of conventional statistical techniques to fat tailed distributions and looks for remedies, when possible.Switching from thin tailed to fat tailed distributions requires more than ?changing the color of the dress.? Traditional asymptotics deal mainly with either n=1 or n=8, and the real world is in between, under the ?laws of the medium numbers??which vary widely across specific distributions. Both the law of large numbers and the generalized central limit...Read More

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  • 1544508050
  • 9781544508054
  • Taleb, Nassim Nicholas
  • 30 June 2020
  • STEM Academic Press
  • Hardcover (Book)
  • 456
  • Illustrated
  • Book
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