Pareto, Power Laws, and Fat Tails: A Beginner's Guide to Non-Gaussian Statistics

Pareto, Power Laws, and Fat Tails: A Beginner's Guide to Non-Gaussian Statistics

Shaw Talebi via YouTube Direct link

Takeaways -

13 of 13

13 of 13

Takeaways -

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Pareto, Power Laws, and Fat Tails: A Beginner's Guide to Non-Gaussian Statistics

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

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