A simple trick to measure fat tails/ required sample size across distributions. Shows why you need 10^9 more data than Gaussian.pic.twitter.com/RMnBnVupsQ
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You don't make a statement about the mean.
Gotcha. Is it then fair to say the vast majority of public statements about distributions in econ / social sciences are not supported by data as they lack data AND correct interpretation? Assuming this is your overall point? If not all, then most? Some?
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