PsiLaplace (loc, β,...)
PsiLaplace (β) is an unbounded, fat-tailed distribution that describes the difference between two independent exponentials. If a random variable X has a Laplace distribution, then |X| has an Exponential distribution.
Enter a scale value greater than 0 for the first argument, loc. This value determines the scale or range of the distribution.
Alternate Formulation: PsiLaplaceAlt
PsiLaplaceAlt is the PsiLaplace distribution defined through alternative arguments. Two parameters are required and both must be chosen from the following list: two different percentiles or the standard deviation.