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

Fat-Tailed and Skewed Asset Return Distributions: Implications for Risk Management, Portfolio Selection, and Option Pricing

Frank J. Fabozzi

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

369 pages missing pub info (editions)

nonfiction business economics informative medium-paced
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Description

While mainstream financial theories and applications assume that asset returns are normally distributed, overwhelming empirical evidence shows otherwise. Yet many professionals don't appreciate the highly statistical models that take this empirica...

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