what is leptokurtic 
leptokurtic distributions are statistical distributions with kurtosis greater than three it can be described as having a wider or flatter shape with fatter tails resulting in a greater chance of extreme positive or negative events it is one of three major categories found in kurtosis analysis its other two counterparts are mesokurtic which has no kurtosis and is associated with the normal distribution and platykurtic which has thinner tails and less kurtosis understanding leptokurticleptokurtic distributions are distributions with positive kurtosis larger than that of a normal distribution a normal distribution has a kurtosis of exactly three therefore a distribution with kurtosis greater than three would be labeled a leptokurtic distribution in general leptokurtic distributions have heavier tails or a higher probability of extreme outlier values when compared to mesokurtic or platykurtic distributions 