Fat-Tailed Skewed Asset Return: Implications for Risk Management, Portfolio Selection, and Option Pricing y Rachev
English | 22 July 2005 | ISBN: 0471718866 | 384 Pages | PDF | 10 MB
English | 22 July 2005 | ISBN: 0471718866 | 384 Pages | PDF | 10 MB
While mainstream financial theories and applications assume that asset returns are normally distributed, overwhelming empirical evidence shows otherwise.