In my attempt to reason about it intuitively I am concluding that ridge might be more robust to outliers.
Following is my intuitive/lose reasoning :
If there is an outlier then to match my prediction to it I might increase weight value on some dimension, and when I do that ridge will penalize it more compared to Lasso and not let it take a higher value. So it seems like ridge is more robust, but most people say that Lasso is more robust to outliers.
So my question is that what is wrong in my thought process, and what is the correct intuitive way to think about it ?