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

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Nassim Nicholas Taleb provides a rigorous mathematical foundation for understanding extreme events in this inaugural volume of the Technical Incerto series. The text explores how traditional statistical methods fail when applied to fat tailed distributions, where rare outliers exert a dominant influence on the total. Taleb argues that most real world phenomena do not follow the thin tailed Gaussi…

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Finance Nonfiction Academic book Business Nassim Nicholas Taleb Mathematics Technical Economics Reference Science Philosophy

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