{"product_id":"fat-tailed-and-skewed-asset-return-distributions-implications-for-risk-management-portfolio-selection-and-option-pricing-hardback-9780471718864","title":"Fat-Tailed and Skewed Asset Return Distributions; Implications for Risk Management, Portfolio Selection, and Option Pricing (Hardback) 9780471718864","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eFat-Tailed and Skewed Asset Return Distributions\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eImplications for Risk Management, Portfolio Selection, and Option Pricing\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003e\"On the whole a valuable attempt to continue the work of Mandlebrot and others, to break the habit of treating the normal distribution curve as. . . normal.\" -- \u003ci\u003eHedgeWorld News\u003c\/i\u003e  \u003cp\u003e\"This book is well-written by knowledgeable authors and provides readers with an excellent overview of where fat-tailed or skewed distributions may be needed. The book unfolds in a clear and easy-to-read way, and I would definitely recommend this as an excellent introductory text.\" -- Financial Engineering News, June 30, 2006\u003c\/p\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eSvetlozar T. Rachev (Author), Christian Menn (Author), Frank J. Fabozzi (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780471718864, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 26 August 2005\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e384 pages\u003cbr\u003e24.2 x 16.2 x 3.2 cm, 0.581 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eWhile 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 empirical evidence into consideration. \u003ci\u003eFat-Tailed and Skewed Asset Return Distributions\u003c\/i\u003e examines this dilemma and offers readers 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. Topics covered in this comprehensive book include an extensive discussion of probability distributions, estimating probability distributions, portfolio selection, alternative risk measures, and much more. \u003ci\u003eFat-Tailed and Skewed Asset Return Distributions\u003c\/i\u003e 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\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface.  \u003cp\u003eAbout the Authors.\u003c\/p\u003e \u003cp\u003eChapter 1: Introduction.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE: Probability and Statistics.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 2: Discrete Probability Distributions.\u003c\/p\u003e \u003cp\u003eChapter 3: Continuous Probability Distributions.\u003c\/p\u003e \u003cp\u003eChapter 4: Describing a Probability Distribution Function: Statistical Moments and Quantiles.\u003c\/p\u003e \u003cp\u003eChapter 5: Joint Probability Distributions.\u003c\/p\u003e \u003cp\u003eChapter 6: Copulas.\u003c\/p\u003e \u003cp\u003eChapter 7: Stable Distributions.\u003c\/p\u003e \u003cp\u003eChapter 8: Estimation Methodologies.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO: Stochastic Processes.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 9: Stochastic Processes in Discrete Time and Time Series Analysis.\u003c\/p\u003e \u003cp\u003eChapter 10: Stochastic Processes in Continuous Time.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE: Portfolio Selection.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 11: Equity and Bond Return Distributions.\u003c\/p\u003e \u003cp\u003eChapter 12: Risk Measures and Portfolio Selection.\u003c\/p\u003e \u003cp\u003eChapter 13: Risk Measures in Portfolio Optimization and Performance Measures.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FOUR: Risk Management.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 14: Market Risk.\u003c\/p\u003e \u003cp\u003eChapter 15: Credit Risk.\u003c\/p\u003e \u003cp\u003eChapter 16: Operational Risk.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FIVE: Option Pricing.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 17: Introduction to Option Pricing and the Binomial Model.\u003c\/p\u003e \u003cp\u003eChapter 18: Black-Scholes Option Pricing Model.\u003c\/p\u003e \u003cp\u003eChapter 19: Extension of the Black-Scholes Model and Alternative Approaches.\u003c\/p\u003e \u003cp\u003eINDEX.\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52511738888472,"sku":"9780471718864","price":52.48,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780471718864.jpg?v=1786609280","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/fat-tailed-and-skewed-asset-return-distributions-implications-for-risk-management-portfolio-selection-and-option-pricing-hardback-9780471718864","provider":"Freshly Printed Books","version":"1.0","type":"link"}