Click Here to Download: https://ouo.io/TQmTe31 Heavy-Tailed Distributions and Robustness in Economics and Finance By: Marat Ibragimov; Rustam Ibragimov; Johan Walden Publisher: Springer Print ISBN: 9783319168760, 3319168762 eText ISBN: 9783319168777, 3319168770 Copyright year: 2015 Format: PDF Available from $ 84.99 USD SKU 9783319168777 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 of a number of models in these fields, depending on the degree of heavy-tailed ness. These results motivate the development and applications of robust inference approaches under heavy tails, heterogeneity and dependence in observations. Several recently developed robust inference approaches are discussed and illustrated, together with applications.
