Tag Archives: Norther California fires

The Tale Of Two Fat Tails

In a normal probability distribution…blue curve), the odds of risky outcomes (bad stuff happening) are thin at the extremes. In fat-tailed distributions, such outcomes have a greater chance of occurring (the [greenish] curve).┬áSource Non-normal distributions can be heavily skewed and … Continue reading

Posted in Algos, Climate Change, Economics, Uncategorized | Tagged , , , , , | 52 Comments