[YouTube] Tutorial: Simple Trick to see the effect of Power Laws

A simple tutorial explaining how in the presence of power laws (with low exponent) most of the body of the distribution becomes noise. Once you establish that a variable is in the power-law class, some necessary consequences come out. To debunk that history is dominated by tail events, you must show it does not follow a power law.

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Technical Incerto, Vol 1: The Statistical Consequences of Fat Tails

From Nassim Taleb’s Facebook Page:

My Technical Incerto Vol1: The Statistical Consequences of Fat Tails is almost done. This is the freely available draft for error correction.

https://www. academia. edu/ 37221402/ TECHNICAL…

Link to Paper: https://www. academia. edu/ 37221402/ TECHNICAL…
Link to Facebook Discussion: https://www. facebook. com/ nntaleb/ posts/ 10156061900203375