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The "fat tails" indicate a probability, which may be larger than otherwise anticipated, that an investment will move beyond three standard deviations. A fat tail occurs when there is an unexpectedly thick end or “tail” toward the edges of a distribution curve, indicating an irregularly high likelihood of catastrophic events. This fat tail ...
Alec Ash is a British writer and editor known for his extensive work on China, where he lived from 2008 to 2022. He is a senior fellow at Asia Society in New York, where he edits the China Books Review. He has written two books of literary non-fiction about China, as well as numerous articles. [1]
Peter Benjamin Hessler [1] (born June 14, 1969) is an American writer and journalist.He is the author of four books about China and has contributed numerous articles to The New Yorker and National Geographic, among other publications. [2]
The list was compiled by a team of critics and editors at The New York Times and, with the input of 503 writers and academics, assessed the books based on their impact, originality, and lasting influence. The selection includes novels, memoirs, history books, and other nonfiction works from various genres, representing well-known and emerging ...
The New York Times Book Review (NYTBR) is a weekly paper-magazine supplement to the Sunday edition of The New York Times in which current non-fiction and fiction books are reviewed. It is one of the most influential and widely read book review publications in the industry. [2] The magazine's offices are located near Times Square in New York City.
In a 1987 piece for the New York Times Books Review, J.M. Coetzee said the memoir provided "fascinating insights into thought reform in Mao's China" and that it tells "an absorbing story of resourcefulness and courage, spoiled only by a touch of self-righteousness: Mrs. Cheng is always right, her persecutors always wrong." [8]
The most extreme case of a fat tail is given by a distribution whose tail decays like a power law. A variety of Cauchy distributions for various location and scale parameters. Cauchy distributions are examples of fat-tailed distributions. That is, if the complementary cumulative distribution of a random variable X can be expressed as [citation ...
Yan's 1996 book Analysis of China's National Interests was the first Chinese-language book to systemically analyze the titular subject. [8] The book became significant among Chinese audiences for its argument that China should prioritize its own national interests in foreign policy, instead of the more traditional arguments that China should prioritize class interests or proletarian ...