This suggests Bitcoin price movements are smooth, like a normal distribution, rather than characterized
by fat tails, jumps, and changes in volatility like most assets.
This suggests Bitcoin price movements are smooth, like a normal distribution, rather than characterized
by fat tails, jumps and changes in volatility like most assets.
Pretending that all this can be characterized
by a fat tail derived from estimates of climate sensitivity is highly misleading, in my opinion.
Not exact matches
Unless we can shift the healthcare cost structure from a
fat -
tail distribution to some kinda thinner
tail (either with a payoff transformation or
by setting a cap on the
tail or
by capping total costs or however), I do not see this issue becoming resolved.
This «
fat tail» scenario would mean the world experiences «existential / unknown» warming
by 2100 — defined in the report as more than 5 degrees Celsius above preindustrial levels.
Our findings are in agreement with a recently published study
by Oskarsson et al. (2015) in which Tg mice injected through the
tail vein with in vitro — generated aggregates from synthetic peptides containing the sequence of IAPP developed a higher percentage of IAPP aggregates in the pancreas than did untreated controls when subjected to a high -
fat diet.
Last Year of the «
Fat Fender — All Steel»» 5.0 L V8 Ford fuel injected motor and automatic transmission with overdrive are from a F150 truck with 17,200 miles, Vintage A / C, power steering, power brakes, 6 way power seats, power windows, power locks, AM / FM with 10 disc CD stacker, interior done
by Mike Harper, air ride suspension, french head lights and
tail lights, doors and deck lid are operated
by remote control and much more.
A Good Meat Source Should Avoid All Beef or Chicken «
By - Products»
By - products include hair, feet, ears, noses,
tails,
fat undeveloped, diseased organs and worse.
jeez everyone is just dying to chop our «
fat tail» off
by any means necessary!
Also, I note that
by common usage the term «abrupt» (w.r.t. SLR) implies that «mainstream» experts would be surprised to observe such a response to AGW; nevertheless, the Earth's circulatory steams are inherently chaotic, and chaos theory clearly demonstrates that such systems can be subject to «strange attractors» that can increase the probability of occurrence of phenomenon towards the
tail of a «
fat -
tailed» probability density function (PDF), such as that shown in Figure 3.
But if you impose a forcing (AGW) which changes the degree of independence, making the
tails fatter / less Gaussian, doesn't that mean the forcing ACTUALLY makes the probability of what were once 3,4,5 sigma events MUCH higher than indicated
by tamino's method of analysis, which removes these effects?
Since a mean is an expected outcome, and risk is thought of as this outcome multiplied
by the severity, you can understand why
fat -
tails are taken seriously.
Assuming that you're one of those «skeptics,» and looking at the range estimations of likely impact based energy balance that are often promoted
by «skeptics» (although certainly there are many «skeptics» who think that there is no possibility that ACO2 will warm the climate to any measurable extent)-- then we can reasonably assume that you agree that there is a «
fat tail» potential for high impact consequences from BAU.
A recent paper written
by economist Martin Weitzman used an expected utility analysis to argue that the
fat tail associated with unexpectedly but not impossibly high values of climate sensitivity dominate climate change economics.
I'm not talking about his claims that the IPCC and others have failed to damp down that long,
fat tail as much as they should have — as far as I knew, that was «settled» years ago
by his work, among others, and Figure 2 shows very clearly that combining the different lines of evidence very effectively shows very high sensitivities to be unlikely, despite the instrumental period on its own not being able to show that, so I wasn't aware that this was the problem that he claims it is — but rather his claims that the last ten years or so tell us anything useful.
The transient climate sensitivity is modulated
by a
fat -
tail diffusion of heat into the oceans.
Added to which, just because the question is expressed in public
by non-scientists doesn't mean that it is unrelated to the scientific exploration of uncertainty issues going on here and elsewhere (e.g. the «tall tales and
fat tails» plus the «lopping off the
fat tails» posts).
By implication, the policy advice coming out of conventional thin -
tailed CBAs of climate change must be treated with skepticism until this low - probability, high - impact aspect is addressed seriously and included empirically in a true
fat -
tailed CBA.
A broader PDF with a
fatter tail, motivated
by greater uncertainty, would imbue the possible catastrophe with a greater probability of occurrence that is above the minimum threshold that triggers action.
This time is deduced
by solving the diffusion equation, and since the solution to the diffusion equation has
fat tails with respect to time, there isn't one characteristic adjustment time.
We also can't dismiss arguments
by Frank Ackerman and others that the «
fat tail» of climate worst - cases demands national mobilization on a scale that only government action can generate.
In my experience as a family law lawyer, however, it has seemed to me that the bell curve modeling the impact of legislation on my clients has perhaps a higher standard of deviation than the norm, giving the bell curve a greater population at the extremes and thus
fatter tails than suggested
by the normal distribution; in other words, my impression is that quite a bit more than 5 % of separating couples experience an unfair or very unfair result from the application of family law legislation.
Trimming away the
fat, the phone doesn't have excessive bezel and isn't topped and
tailed by additional empty space.