fat-tailed
Broad at back
Fat-tailed describes animals, especially sheep breeds, that store fat in their tails rather than throughout the body.
In statistics and finance, fat-tailed refers to probability distributions where extreme events occur more often than normal distributions predict: The 2008 crash reminded analysts that markets have fat-tailed risk.
A fat-tailed distribution has "heavy" or "thick" tails—more probability mass at the extremes.
Devoid of water
- dunesWind-formed sand ridges
- scorchingExtremely hot, burning
- droughtProlonged water scarcity
- water storageHolding liquid reserves
camels · nomads · barren · sunbaked · harsh climate · survival · heat tolerance · resilient
Allocation across recipients
- probabilityQuantified chance of occurrence
- outliersExtreme data points
- riskPossibility of harm
- varianceSpread around the mean
extreme events · black swan · financial modeling · volatility · skewness · power law · rare events · standard deviation
ovine
Of or like sheep
ewe · ram · mutton · grazing · pasture · herding · shepherd · flock · livestock · breed
arid
Devoid of water
water storage · camels · nomads · barren · sunbaked · harsh climate · survival · heat tolerance · resilient · hardy
distribution
Allocation across recipients
- probabilityQuantified chance of occurrence
- outliersExtreme data points
- riskPossibility of harm
variance · extreme events · black swan · financial modeling · volatility · skewness · power law · rare events · standard deviation · normal distribution
- Probability Distributionsnormal distribution, PDF, normal curve, t-distribution, frequency distribution
- distributionsnormal, uniform, binomial, exponential, bell curve