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Tag Archives: thin tails

Where Do Thin Tails Come From?

Where Do Thin Tails Come From? Nassim Nicholas Taleb (Submitted on 25 Jul 2013 (v1), last revised 29 Jul 2013 (this version, v2)) The literature of heavy tails (typically) starts with a random walk and finds mechanisms that lead to fat tails under aggregation. We follow the inverse route and show how starting with fat […]