From: John Conover <email@example.com>
Subject: Addition to "Quantitative Analysis of Non-Linear High Entropy Economic Systems VII"
Date: Tue, 09 Mar 2010 23:48:15 -0800
Black Swan financial catastrophes do exist in financial time series due to the Laplacian probability distribution of the marginal increments of the series. The assumed Normal/Gaussian probability distribution used by many methodologies used in the industry significantly under estimates the frequencies of the catastrophes. John http://www.johncon.com/john/correspondence/060828101013.7889.html#appendixIV -- John Conover, firstname.lastname@example.org, http://www.johncon.com/