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Describe what it means for a probability distribution to have Fat Tails and describe why portfolio managers should be aware of their possible existence. If
Describe what it means for a probability distribution to have Fat Tails and describe why portfolio managers should be aware of their possible existence. If you use any symbols, be sure to define them in words so that we all know what the symbol(s) represent(s) (for example: = rho = correlation coefficient).
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