Expectation and Optimal Allocations in Existential Contests of Finite, Heavy-Tail-Distributed Outcomes
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...
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-12-01
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| Series: | Mathematics |
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| Online Access: | https://www.mdpi.com/2227-7390/12/1/11 |