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4 Ways to Measure Fat Tails with Python - Example Code and Analysis

Shaw Talebi via YouTube

Overview

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Explore four methods for quantifying fat tails in data distributions using Python in this 23-minute video tutorial. Learn about the Power Law Tail Index, Kurtosis, Log-normal's σ, and Taleb's κ as heuristics for measuring fat-tailed phenomena. Follow along with example code analyzing real-world social media data to gain practical insights into implementing these techniques. Discover how to apply these methods to your own datasets and understand their implications for risk assessment and statistical analysis.

Syllabus

Intro -
Fat Tails -
4 Ways to Quantify Fat Tails -
Heuristic 1: Power Law Tail Index -
Heuristic 2: Kurtosis -
Heuristic 3: Log-normal's σ -
Heuristic 4: Taleb's κ -
Example Code: Quantifying Fat Tails in Social Media -
What's next? -

Taught by

Shaw Talebi

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