Risk analyses often are based on the assumption of normal distributions. Critics have said that extreme events in reality are more frequent than would be expected assuming normality. The assumption ha...Risk analyses often are based on the assumption of normal distributions. Critics have said that extreme events in reality are more frequent than would be expected assuming normality. The assumption has even been called a "Great Intellectual Fraud."
Risk analyses often are based on the assumption of normal distributions. Critics have said that extreme events in reality are more frequent than would be expected assuming normality. The assumption ha...Risk analyses often are based on the assumption of normal distributions. Critics have said that extreme events in reality are more frequent than would be expected assuming normality. The assumption has even been called a "Great Intellectual Fraud."