Hardcover • 2020 • English

Statistical Consequences of Fat Tails: Real world preasymptotics, epistemology, and applications

Name: Statistical Consequences of Fat Tails: Real world preasymptotics, epistemology, and applications
SKU: 9781544508054
Availability: OutOfStock
ISBN: 9781544508054

By Nassim Nicholas Taleb

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About the 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=∞, 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 l...Show more

Mathematics and Science

Mathematics

Science: general issues

Book details

ISBN

9781544508054

Published year

2020

Language

English

Original title

Statistical Consequences of Fat Tails: Real world preasymptotics, epistemology, and applications

Format

Hardcover

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