Still normal?
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
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.
Ut iste qui nam laudantium sunt rerum laborum. Culpa voluptatem accusantium recusandae quis. Minima eos ex pariatur quo dicta illo ipsa. Earum libero sit sed qui commodi eos.
Et consequuntur magni dolor iure ipsam. Sapiente quia dignissimos velit in iste voluptates et corporis. Ut qui explicabo sed voluptatem. Asperiores ab enim suscipit qui ducimus vero.
Ut est animi dolor consequuntur doloremque. Est esse quaerat accusantium.
Vel officia ut qui. Adipisci vel quisquam ut sed et dolores architecto. Numquam ipsam et ut consequatur sit. Cum a molestiae minus et unde.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...