4 ms·
I don't think this is entirely true. Most heavy-tailed distributions make CLT convergence slow, and heavy-tailedness is relatively common. Many methods in fin
by nextos 3y ago
I don't think this is entirely true.
Most heavy-tailed distributions make CLT convergence slow, and heavy-tailedness is relatively common.
Many methods in finance and pharmacology, just to give two examples, have had spectacular failures because they ignored that point.