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Rationale for describing kurtosis as "peakedness"?
3 votes

Since there are upvotes on Alex C's answer, it seems that people on this site are inclined to believe it. It is a bad idea to let bad memes go unchecked. Science, after all, should be self-correcting. ...

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What is the relationship between risk aversion and preference for skewness and kurtosis in portfolio optimization?
0 votes

Some people like to play for the "big win." Their utility function involves the excitement of the gamble, and they don't mind the negative expectation, or even the big loss, as long as there is a ...

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