by
Johan Walden, Rustam Ibragimov, Marat Ibragimov
Language: English
Release Date: May 23, 2015
This book focuses on general frameworks for modeling heavy-tailed distributions in economics, finance, econometrics, statistics, risk management and insurance. A central theme is that of (non-)robustness, i.e., the fact that the presence of heavy tails can either reinforce or reverse the implications...