Identifying power law data

#statistics

Identifying power law distributions: MLE/WLS "Listen to your body"

Identifying power law tails: Hill estimator (Extreme value theory) "Let the tail do the talking"

We have been taught that the Gaussian distribution is "normal" because of the Central Limit Theorem and the Law of Large Numbers. But the CLT we're taught in school is incomplete.

What links here

• Fat-tail distributions