The empirical distribution is not empirical, full of Turkey problems. "Real tails" do not show in past samples because of their property under fat tails. Empirical distributions are, by design, interpolating; we fix by extrapolating and extending the tails.Note the dispute: In French, Bernoulli is pronounced "Ber-noo-yi" not "Ber-noo-li", much like consigliere is pronounced "consiyyere".

Original video: https://www.youtube.com/watch?v=TMvQeH9oo2w

Podden och tillhörande omslagsbild på den här sidan tillhör Nassim Nicholas Taleb (Unofficial) (Uploaded by Juan Suero). Innehållet i podden är skapat av Nassim Nicholas Taleb (Unofficial) (Uploaded by Juan Suero) och inte av, eller tillsammans med, Poddtoppen.