Fat-Tailed Distributions and Levy Processes

Details Fat-Tailed Distributions and Levy Processes Fat-Tailed Distributions and Levy Processes

2008-08-18

arxiv.org/abs/0808.2393v1

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The notion that natural disasters can be controlled is, of course, farcical;
history is permeated with examples of countless failed attempts at this
pointless task; it is synonymous with trying to build a perpetual motion
machine. Nonetheless, there are ways to reduce their impact on human
communities, particularly by looking away from the normal hypothesis.

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