メインコンテンツに移動

Mutual self-awareness and fat tails

Mutual self-awareness among market participants is an important distinction between physical and social systems. David Rowe argues that this is a fundamental cause of the well-documented characteristic of fat tails in the distribution of changes in market data, and should be a key focus of all market risk managers

rowe80x80-gif
Years ago, when I taught basic statistics, the one concept I tried to be sure students would remember well into the future was the central limit theorem, sometimes referred to as the law of large numbers. This is the initially somewhat amazing fact that the distribution of sums and averages of random variables exhibit a traditional bell curve or normal distribution even when the individual

コンテンツを印刷またはコピーできるのは、有料の購読契約を結んでいるユーザー、または法人購読契約の一員であるユーザーのみです。

これらのオプションやその他の購読特典を利用するには、info@risk.net にお問い合わせいただくか、こちらの購読オプションをご覧ください: http://subscriptions.risk.net/subscribe

現在、このコンテンツをコピーすることはできません。詳しくはinfo@risk.netまでお問い合わせください。

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

無料メンバーシップの内容をお知りになりたいですか?ここをクリック

パスワードを表示
パスワードを非表示にする

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

ログイン
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here