I read numerous websites including wikipedia on heavy and light tail distributions. However, I am not quite understanding the distinction between the two. In some sources, it notes that light tail distribution has uniform distribution while heavy tail has a larger distribution. Hence, I am led to believe that heavy tail distributions are just distributions with greater variance than light tailed distributions. Are there more nuances to this understanding? Can someone elaborate on this concept?


marked as duplicate by whuber distributions Oct 19 '18 at 21:16

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