Meaning of fat tail | Babel Free

Definitions

1. A mass of fat stored in the rump of a beast as an adaptation to heat and harsh environmental conditions or selection by man.
2. The relatively high probability of a relatively extreme outcome.
3. A tail of a probability distribution with significantly higher kurtosis than a normal distribution (which has kurtosis = 0).
4. A tail of a probability distribution with infinite variance.

Equivalents

CEFR level