{"product_id":"refined-bootstrap-for-stable-paretian-distributions-von-adriana-cornea","title":"Refined Bootstrap for Stable Paretian Distributions","description":"\u003cp\u003eThe supremacy of the stable Paretian distributions  over the Gaussian distribution is by now a stylized  fact in the financial theory and practice. It is  well known that the asymptotic inference about the  expected returns is not always reliable and that the  nonparametric bootstrap can be used as an  alternative. However, several studies have  emphasized the fact that the nonparametric bootstrap  is invalid for the stable Paretian distributions.  The reason is that the expected returns are highly  influenced by the risk of the investment  opportunities, risk which is always greater in a  stable Paretian financial market than in a Gaussian  market. In this monograph a refined bootstrap method  that overcomes the drawbacks of the nonparametric  bootstrap is introduced.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838326443\"\u003e\u003ch3\u003ewith Applications to Financial Returns\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838326443","offer_id":39498940186717,"sku":"9783838326443","price":59.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/b974c5b2-1017-49a9-b4d3-7d88e5d1befa.jpg?v=1773125899","url":"https:\/\/shop.autorenwelt.de\/products\/refined-bootstrap-for-stable-paretian-distributions-von-adriana-cornea","provider":"Autorenwelt Shop","version":"1.0","type":"link"}