Good introduction to the importance of fat tailed distributions in financial markets: http://aida.wss.yale.edu/~nordhaus/homepage/documents/statisticsoftaileve

Good introduction to the importance of fat tailed distributions in financial markets: http://aida.wss.yale.edu/~nordhaus/homepage/documents/statisticsoftailevents.pdf http://aida.wss.yale.edu/~nordhaus/homepage/documents/statis...