Fat tail: Difference between revisions

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 ===Leptokurtic distributions are from Mars, platykurtic distributions are from Venus===
-'''Platykurtic distributions: mediocristan''': Distributions with ''lower'' kurtosis than 3 are “platykurtic”, and will produce fewer outliers than a [[normal distribution]]. For example, a [[uniform distribution]] — eg a coin toss, or a deck of cards — which does not produce outliers art all. You can’t get an 11 of hearts.
+'''“Platykurtic” distributions: Mediocristan''': Distributions with ''lower'' kurtosis than 3 are “platykurtic”, and will produce fewer outliers than a [[normal distribution]]. For example, a [[uniform distribution]] — eg a coin toss, or a deck of cards — which does not produce outliers art all. You can’t get an 11 of hearts.
-'''Leptokurtic distributions: exrtremistan''': Distributions with ''greater'' kurtosis than 3 are “leptokurtic”. The tails of a leptokurtic distribution will be fatter — they will tend to zero more slowly than those of a normal distribution, and there will be more outliers.
+'''“Leptokurtic” distributions: Extremistan''': Distributions with ''greater'' kurtosis than 3 are “leptokurtic”. The tails of a leptokurtic distribution will be fatter — they will tend to zero more slowly than those of a normal distribution, and there will be more outliers.
 {{Sa}}
 *[[Lentil convexity]]