Trading and Fat Tails
Sudden, large price changes periodically occur in speculative markets. Many of these large price moves simply reflect the market’s reaction to new fundamental economic information-- as financial theory would predict. However, some of the most extreme price moves—often characterized (albeit incorrect...
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| Format: | Article |
| Language: | English |
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Tuwhera Open Access Publisher
2016-07-01
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| Series: | Applied Finance Letters |
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| Online Access: | https://ojs.aut.ac.nz/applied-finance-letters/article/view/3 |