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The Fat Tails Statistical Project

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Taleb is the one person more associated with Fat Tails than anyone I know. So I will give him the final word: Background: The technical papers below are part of a systematic approach to uncover mismeasurement of statistical estimators under fattailedness and propose corrections and alternative tools. Conventional statistics fail to cover fat tails; physicists who use power laws do not usually produce statistical estimators, leading to a large -and consequential - gap.

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