Tail Event Definition

noun

An event associated with a given infinite sequence Y=\{ y_k| k\ge k_0 \} that is determined by any subsequence of the form Y_n=\{ y_k|k\ge n\}, n\ge k_0 (a "tail" of that sequence)

Wiktionary

A low -probability event.

Wiktionary
Wiktionary

Origin of Tail Event

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tail event