Heavy-tailed Distribution
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MATHEMATICS
Probability Theory
Heavy-tailed Distribution
Rare, massive events are more common than you think due to heavy-tailed distributions
44 hours ago
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Why do heavy-tailed distributions matter more than exponential distributions in risk assessment?
Because they always have symmetrical tails making predictions easier.
Because they predict a higher likelihood of extreme, rare events that can have major impacts.
Because they assume extreme events are less likely than in exponential distributions.
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