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It's not just that. What's the probability that 100K people are killed by terrorists vs. police next year? With fat tails, the number of people killed in the
by kvb 13y ago
It's not just that. What's the probability that 100K people are killed by terrorists vs. police next year? With fat tails, the number of people killed in the recent past isn't an accurate summary of the true statistics.
- jeremysmyth 13y agoVanishingly small. That's entirely the point.