Title of article
Local prelimit theorems and their applications to finance Original Research Article
Author/Authors
L.B. Klebanov، نويسنده , , S.T. Rachev، نويسنده , , M. Safarian، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2000
Pages
6
From page
73
To page
78
Abstract
We derive a new type of “prelimit” theorems for sums of random number of random variables. As an application, we show that the distribution of asset returns can be approximated by truncated Lévy flights.
Keywords
Stable and ?-stable laws , Prelimiting behavior of financial returns
Journal title
Applied Mathematics Letters
Serial Year
2000
Journal title
Applied Mathematics Letters
Record number
897083
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