{"product_id":"distributional-regularities-of-financial-returns-von-jakob-blatz","title":"Distributional Regularities of Financial Returns","description":"\u003cp\u003eSeminar paper from the year 2008 in the subject Economics - Finance, grade: 1,7, Christian-Albrechts-University of Kiel, language: English, abstract: There is a long tradition of scholars seeking to understand the distributional\u003c\/p\u003e\u003cp\u003eregularities of financial returns. Research traces back to the turn of the 19th\u003c\/p\u003e\u003cp\u003ecentury. Since then, it underwent a lot of drastic changes, which are to be shown\u003c\/p\u003e\u003cp\u003ein this paper.\u003c\/p\u003e\u003cp\u003eThe aim of this paper is to show theoretical models that account for the distributional\u003c\/p\u003e\u003cp\u003eregularities in financial returns as well as to illustrate the empirical\u003c\/p\u003e\u003cp\u003eanalysis. It is necessary to understand the evolution of research on this topic\u003c\/p\u003e\u003cp\u003ebecause it came about in a consecutive manner. Thus, this paper will document\u003c\/p\u003e\u003cp\u003eover one hundred years of research on distributional properties of financial returns.\u003c\/p\u003e\u003cp\u003eThe second chapter will start with the results of Louis Bachelier and his normal\u003c\/p\u003e\u003cp\u003edistribution hypothesis. Then it will describe Benoît Mandelbrot's groundbreaking\u003c\/p\u003e\u003cp\u003eresults, which rejected Bachelier's normal hypothesis and introduced the\u003c\/p\u003e\u003cp\u003eLévy-stable distributions. Mandelbrot's work had such an impact that it will be\u003c\/p\u003e\u003cp\u003edescribed in greater detail.\u003c\/p\u003e\u003cp\u003eThe third chapter will present the results of research that followed after Mandelbrot's\u003c\/p\u003e\u003cp\u003efindings. It will also display and explain the results of recent research.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783640833016\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783640833016","offer_id":39427112534109,"sku":"9783640833016","price":15.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/4346392b-1666-4b9f-95cf-b5f1a5bc7fae.jpg?v=1777783470","url":"https:\/\/shop.autorenwelt.de\/products\/distributional-regularities-of-financial-returns-von-jakob-blatz","provider":"Autorenwelt Shop","version":"1.0","type":"link"}