The origin of fat-tailed distributions i
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G.M. Viswanathan; U.L. Fulco; M.L. Lyra; M. Serva
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Article
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2003
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Elsevier Science
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English
β 130 KB
A classic problem in physics is the origin of fat-tailed distributions generated by complex systems. We study the distributions of stock returns measured over di erent time lags . We ΓΏnd that destroying all correlations without changing the = 1 d distribution, by shu ing the order of the daily retur