The Fat Tails Statistical Project
▻http://www.fooledbyrandomness.com/FatTails.html
The technical papers below are part of a systematic approach to uncover mismeasurement of statistical metrics under #fattailedness and propose corrections and alternative tools. Conventional statistics fail to cover #fat_tails ; physicists who use power laws do not usually produce statistical estimators, leading to a large —and consequential — gap. It is not just changing the color of the dress (see discussion below).
The initial aim was to establish a network of Bourbaki-style collaborators in a synchronized way working on the gap and injecting rigor in policy-making and decision-making under fat tails.
#Nassim_Nicholas_Taleb and colleagues
