Kurtosis is generally viewed as a measure of peakedness of a probability distribution (how tall the center of the distribution is compared to, say, a normal distribution); the taller (and thinner) the center peak, the higher the kurtosis.  Another way of describing kurtosis is as a measure of how fat the tails (extreme ends, positive […]

This article is for members only.  You can become a member now by purchasing a

CFA® Level I Quantitative Methods Membership, CFA® Level I Membership

This will give you access to this and all other articles at that membership level.