National Repository of Grey Literature 1 records found  Search took 0.00 seconds. 
Stable distributions and their applications
Volchenkova, Irina ; Klebanov, Lev (advisor) ; Beneš, Viktor (referee)
The aim of this thesis is to show that the use of heavy-tailed distributions in finance is theoretically unfounded and may cause significant misunderstandings and fallacies in model interpretation. The main reason seems to be a wrong understanding of the concept of the distributional tail. Also in models based on real data it seems more reasonable to concentrate on the central part of the distribution not tails. Powered by TCPDF (www.tcpdf.org)

Interested in being notified about new results for this query?
Subscribe to the RSS feed.