A Precautionary Tale of Uncertain Tail Fattening
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Suppose that there is a probability density function for how bad things might get, but that the overall rate at which this probability density function slims down to approach zero in the tail is uncertain. The paper shows how a basic precautionary principle of tail fattening could then apply. The
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美国国家经济研究局创建时间：
2012-06-01
