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Fat-Tailed Skewed Asset Return

Posted By: Free butterfly
Fat-Tailed Skewed Asset Return

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

While mainstream financial theories and applications assume that asset returns are normally distributed, overwhelming empirical evidence shows otherwise.