{"product_id":"fat-tailed-and-skewed-asset-return-distributions-implications-for-risk-management-portfolio-selection-and-option-pricing-9780471718864","title":"Fat-Tailed and Skewed Asset Return Distributions: Implications for Risk Management, Portfolio Selection, and Option Pricing","description":"\u003cp\u003e • Author(s): Svetlozar T. Rachev\u003cbr\u003e • Publisher: Wiley\u003cbr\u003e • Publisher Imprint: Wiley\u003cbr\u003e • BISAC: Finance - General\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFrom the Back Cover\u003c\/b\u003e\u003cbr\u003eFat-Tailed and Skewed Asset Return Distributions \u003c\/p\u003e\u003cp\u003eWhile mainstream financial theories and applications assume that asset returns are normally distributed, the overwhelming empirical evidence shows otherwise. Yet many professionals fail to appreciate the highly statistical models that take this empirical evidence into consideration.\u003c\/p\u003e \u003cp\u003eSvetlozar Rachev, Christian Menn, and Frank Fabozzi understand this dilemma, and in Fat-Tailed and Skewed Asset Return Distributions, they offer you a less technical look at how portfolio selection, risk management, and option pricing modeling should and can be undertaken when the assumption of a non-normal distribution for asset returns is violated.\u003c\/p\u003e \u003cp\u003eTopics covered in this comprehensive book include: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eAn extensive discussion of probability distributions used in finance\u003c\/li\u003e \u003cli\u003eEstimating probability distributions\u003c\/li\u003e \u003cli\u003eThe basics of stochastic processes\u003c\/li\u003e \u003cli\u003ePortfolio selection and alternative risk measures\u003c\/li\u003e \u003cli\u003eMarket, credit, and operational risk measurement\u003c\/li\u003e \u003cli\u003eBlack-Scholes option pricing model and its extensions when the model's assumptions are modified to meet the empirical distributional evidence and tests\u003c\/li\u003e \u003cli\u003eAnd much more\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFat-Tailed and Skewed Asset Return Distributions provides a bridge between the highly technical theory of statistical distributional analysis, stochastic processes, and econometrics of financial returns and real-world risk management and investments.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Hardcover","offer_id":45114353942679,"sku":"9780471718864","price":7237.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9780471718864.webp?v=1767269577","url":"https:\/\/atlanticbooks.com\/products\/fat-tailed-and-skewed-asset-return-distributions-implications-for-risk-management-portfolio-selection-and-option-pricing-9780471718864","provider":"Atlantic Books","version":"1.0","type":"link"}