Download e-book for iPad: Fat-Tailed and Skewed Asset Return Distributions: by Svetlozar T. Rachev,Christian Menn,Frank J. Fabozzi

By Svetlozar T. Rachev,Christian Menn,Frank J. Fabozzi

whereas mainstream monetary theories and purposes imagine that asset returns are regularly disbursed, overwhelming empirical facts indicates in a different way. but many execs don’t get pleasure from the hugely statistical types that take this empirical proof under consideration. Fat-Tailed and Skewed Asset go back Distributions examines this hassle and provides readers a much less technical examine how portfolio choice, chance administration, and alternative pricing modeling may still and will be undertaken whilst the idea of a non-normal distribution for asset returns is violated. subject matters lined during this accomplished ebook contain an intensive dialogue of likelihood distributions, estimating chance distributions, portfolio choice, substitute possibility measures, and lots more and plenty extra. Fat-Tailed and Skewed Asset go back Distributions presents a bridge among the hugely technical idea of statistical distributional research, stochastic tactics, and econometrics of economic returns and real-world danger administration and investments.

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Fat-Tailed and Skewed Asset Return Distributions: Implications for Risk Management, Portfolio Selection, and Option Pricing (Frank J. Fabozzi Series) by Svetlozar T. Rachev,Christian Menn,Frank J. Fabozzi


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