The law of large number under fat tails (Micro Mooc)

(Explains some of the bullshit in social science)

https://www.youtube.com/watch?v=80ekenKK_jE

Law of Large Numbers and Fat Tails, Technical Note #3

Micro Mooc #3. The law of large numbers is too slow under fat tails. This is a simplified (but technical) presentation of a segment of “Probability and Risk …

via The law of large number under fat tails (Micro… – Nassim Nicholas Taleb.