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Risk & Portfolio

Fat Tails

The tendency for extreme moves — crashes and spikes — to happen far more often than a bell curve predicts. Ignore fat tails and you'll badly underestimate the odds of disaster, as many risk models did.

Where this is taught

Definitions are the trailer. These free levels turn Fat Tails into something you play — one bite-size lesson, with worked examples, a quiz and XP.

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