Dear All,

You are cordially invited to attend the FRE Lecture Series on Thursday, October 24th in the Pfizer Auditorium  on the 1st Floor of the Dibner Library (5 MetroTech Center) at 6:30PM.

Dr. Nassim N. Taleb will present a talk on the following topic:

Title:

The Statistical Consequences of Fat Tails

Abstract:

While everyone seems to be aware of Fat Tailedness, little has been done to take them into account in statistical inference, particularly where it cancels current methods in use. Modern Portfolio Theory, for instance, becomes merely a rent seeking academic exercise. We present the contradictions with conventional tools used in statistics and risk management and propose solutions. The discussion is presented in a book found at: https://www.academia.edu/37221402/STATISTICAL_CONSEQUENCES_OF_FAT_TAILS_TECHNICAL_INCERTO_COLLECTION_

Bio:

Nassim Nicholas Taleb was an options trader for 23 years before starting a career as a researcher dealing with mathematical, philosophical, and, mostly, practical problems with probability. He is currently the Distinguished Professor of Risk Engineering at NYU’s Tandon School of Engineering.

We look forward to having you join us for the talk and refreshments. Please mark your calendars.