Article
Expectation and Optimal Allocations in Existential Contests of Finite, Generalized Hyperbolic-Distributed Outcomes
2023-11-08
Abstract excerpt
Financial time series and other human-driven, non-natural processes are known to exhibit fat-tailed outcome distributions. That is, such processes demonstrate a greater tendency for extreme outcomes than the normal distribution or other natural distributional processes would predict. We examine the mathematical expectation, or simply "expectation," traditionally the probability-weighted outcome, regarded...
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Identifiers and source
- Literature Corpus work
- 42d12285-d0a9-5ec4-94d3-16f494dbdb39
- DOI
- 10.20944/preprints202311.0563.v1