Most of these don't have finite moments and are hard to do inference on with standard statistical tools. Nassim Taleb's work (Black Swan, etc.) is around these distributions.
But I think the argument of OP in this section doesn't hold.
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Most of these don't have finite moments and are hard to do inference on with standard statistical tools. Nassim Taleb's work (Black Swan, etc.) is around these distributions.
But I think the argument of OP in this section doesn't hold.