Fat tail

Noun

Word Frequency: 0.0

Definitions

1.NounA mass of fat stored in the rump of a beast as an adaptation to heat and harsh environmental conditions or selection by man.

2.NounThe relatively high probability of a relatively extreme outcome.

3.NounA tail of a probability distribution with significantly higher kurtosis than a normal distribution (which has kurtosis = 0).

4.NounA tail of a probability distribution with infinite variance.

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