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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?

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

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