The Fundamentals of Heavy Tails

By Jayakrishnan Nair, Adam Wierman, Bert Zwart

Book cover of The Fundamentals of Heavy Tails: Properties, Emergence, and Estimation

Book description

Heavy tails -extreme events or values more common than expected -emerge everywhere: the economy, natural events, and social and information networks are just a few examples. Yet after decades of progress, they are still treated as mysterious, surprising, and even controversial, primarily because the necessary mathematical models and statistical methods…

Shepherd is reader supported. When you buy books, we may earn an affiliate commission.

Why read it?

1 author picked The Fundamentals of Heavy Tails as one of their favorite books. Why do they recommend it?

What do pandemics, climate change, extreme weather, financial crises, wealth inequality, and social media all have in common? They are all well described by heavy-tail statistics, which you may have never heard about and were almost certainly never taught in your introductory statistics class. The Fundamentals of Heavy Tails is the first text that attempts to close this gap in undergraduate STEM education. This well-written text is a wonderful blend of intuition and rigorous results. The reader will be pleasantly surprised to learn that heavy-tail distributions are neither rare nor mysterious and are a natural result of multiplicative random processes.

Want books like The Fundamentals of Heavy Tails?

Our community of 9,000+ authors has personally recommended 47 books like The Fundamentals of Heavy Tails.

Browse books like The Fundamentals of Heavy Tails

5 book lists we think you will like!

Interested in mathematical models, STEM, and economics?

9,000+ authors have recommended their favorite books and what they love about them. Browse their picks for the best books about mathematical models, STEM, and economics.

Mathematical Models Explore 21 books about mathematical models
STEM Explore 22 books about STEM
Economics Explore 346 books about economics