Statistical Consequences of Fat Tails. On New Computational Approaches to Decision Making

Statistical Consequences of Fat Tails. On New Computational Approaches to Decision Making

«This book is fundamentally different from all of Nassim Taleb's works — it is written in the language of mathematics. First and foremost, it will be of interest to professionals in the fields of risk analysis, asset management, and the... insurance business. The mission of Taleb's new work is to warn economists against erroneous conclusions when using probabilistic patterns. The book helps to form a sound critical attitude towards the obtained results. Sometimes, such an attitude is lacking among researchers who are well-versed in statistical theory but inadvertently exaggerate its capabilities. According to Taleb, the distribution of nearly every economic variable has a “fat tail”. This means the possibility of extremely rare but very large deviations.

Author: Нассим Николас Талеб

Printhouse: KoLibri

Series: Taleb: Incerto collection

Age restrictions: 16+

Year of publication: 2025

ISBN: 9785389259492

Number of pages: 480

Size: 244x177x30 mm

Cover type: hard

Weight: 758 g

ID: 1707853

«This book is fundamentally different from all of Nassim Taleb's works — it is written in the language of mathematics. First and foremost, it will be of interest to professionals in the fields of risk analysis, asset management, and the insurance business. The mission of Taleb's new work is to warn economists against erroneous conclusions when using probabilistic patterns. The book helps to form a sound critical attitude towards the obtained results. Sometimes, such an attitude is lacking among researchers who are well-versed in statistical theory but inadvertently exaggerate its capabilities. According to Taleb, the distribution of nearly every economic variable has a “fat tail”. This means the possibility of extremely rare but very large deviations.

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