Fat tails: Mediocristan vs. Extremistan

About this app

Two 3D cities from the same random numbers: uniform body heights against a Pareto skyline whose tallest tower pierces the clouds. α slider, running mean, log-log tail, Lorenz curve, the one-in-a-million outlier.

Subject: Data & decisions

More from Data & decisions

• Anchoring effect
• Benford's law
• Berkson's paradox
• Cherry-picking: base period
• Cherry-picking: base period 2.0
• The three-cowboy duel (truel)
• The three-cowboy duel 2.0
• The three means

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