I wonder, since I haven't had any experience yet, and they mainly teach us financial engineering with normal distributions, if these are still used in practice....
I would assume that non-gaussian distributions are ususally used, but am not sure.
Thanks for your cents
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In case nobody understand what I mean... I mean like pricing with levy processes, etc. Like in the boyerchenko book . Since it is using entirely diffferent calculus, I just wonder if I had to prepare that stuff, too .
You mean tail risk? I'd assume they would have to start pricing in tail risk after 08, but who the hell knows at this point.
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