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Hardcover Statistical Consequences of Fat Tails: Real World Preasymptotics, Epistemology, and Applications Book
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ISBN: 1544508050

ISBN13: 9781544508054

Statistical Consequences of Fat Tails: Real World Preasymptotics, Epistemology, and Applications

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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=∞, and the real world is in between, under the "laws of the medium numbers"-which vary widely across specific distributions...

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Format: Hardcover

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Math Mathematics Science & Math

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