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3 Problems with STAT 101 -
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Classroom Contents
Pareto, Power Laws, and Fat Tails: A Beginner's Guide to Non-Gaussian Statistics
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- 1 Intro -
- 2 Outline -
- 3 The Gaussian Distribution -
- 4 The Pareto Distribution -
- 5 Power Laws -
- 6 Mediocristan vs Extremistan -
- 7 3 Problems with STAT 101 -
- 8 Problem 1: The Mean is Meaningless -
- 9 Problem 2: Regression Doesn't Work -
- 10 Problem 3: Payoffs Diverge from Probabilities -
- 11 Controversy in Extremistan -
- 12 Fat Tails -
- 13 Takeaways -
