The Law of Large Numbers and Fat Tailed Distributions

Описание к видео The Law of Large Numbers and Fat Tailed Distributions

How to make a statistical inference in fat tailed domain. Typically statisticians don't deal with power laws, which is left to physicists who, owing to the stability of their domain, do not do statistical inference. We show errors of using the sample mean as an estimate. The presentation discusses some papers including debunking bogus statistics of the drop in violence.

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