The t-distribution has a “fat tail” feature, which is more suitable than the normal probability density function to describe the distribution characteristics of return on assets. The difficulty of using t-distributi...The t-distribution has a “fat tail” feature, which is more suitable than the normal probability density function to describe the distribution characteristics of return on assets. The difficulty of using t-distribution to price European options is that a fat tail can lead to a deviation in one integral required for option pricing. We use a distribution called logarithmic truncated t-distribution to price European options. A risk neutral valuation method was used to obtain a European option pricing model with logarithmic truncated t-distribution.展开更多
A model adequacy test should be carried out on the basis of accurate aprioristic ideas about a class of adequate models, as in solving of practical problems this class is final. In article, the quadratic sums entering...A model adequacy test should be carried out on the basis of accurate aprioristic ideas about a class of adequate models, as in solving of practical problems this class is final. In article, the quadratic sums entering into the equation of the dispersive analysis are considered and their independence is proved. Necessary and sufficient conditions of existence of adequate models are resulted. It is shown that the class of adequate models is infinite.展开更多
The purpose of this paper is to propose a new model of asymmetry for square contingency tables with ordered categories. The new model may be appropriate for a square contingency table if it is reasonable to assume an ...The purpose of this paper is to propose a new model of asymmetry for square contingency tables with ordered categories. The new model may be appropriate for a square contingency table if it is reasonable to assume an underlying bivariate t-distribution with different marginal variances having any degrees of freedom. As the degrees of freedom becomes larger, the proposed model approaches the extended linear diagonals-parameter symmetry model, which may be appropriate for a square table if it is reasonable to assume an underlying bivariate normal distribution. The simulation study based on bivariate t-distribution is given. An example is given.展开更多
In polar coordinate system, we consider fifteen classes of forces resulting in unlimited undiscovered orbitals. The classic conic orbits are one of the special subclasses of the fifteen classes. Among the rest of the ...In polar coordinate system, we consider fifteen classes of forces resulting in unlimited undiscovered orbitals. The classic conic orbits are one of the special subclasses of the fifteen classes. Among the rest of the forces, we show a few instances displaying typical fresh orbitals. Aside from the common theoretical foundation, the specifics of the orbitals are given by the solution of corresponding equations of motion. These are coupled nonlinear differential equations. Solving these equations numerically, utilizing a Computer Algebra System such as Mathematica is conducive to the orbits. Simulation of the orbitals provides a visual understanding about the motion under the influence of the generalized noncentral forces.展开更多
Inadmissibility of a traditional class of noncentrality parameter esti-mators under quadratic loss is established.The result is heuristically motivatedby the form of generalized Bayes estimators and is proved via unbi...Inadmissibility of a traditional class of noncentrality parameter esti-mators under quadratic loss is established.The result is heuristically motivatedby the form of generalized Bayes estimators and is proved via unbiased estimatorsof the risk function and a solution to an integro-differential inequality.展开更多
文摘The t-distribution has a “fat tail” feature, which is more suitable than the normal probability density function to describe the distribution characteristics of return on assets. The difficulty of using t-distribution to price European options is that a fat tail can lead to a deviation in one integral required for option pricing. We use a distribution called logarithmic truncated t-distribution to price European options. A risk neutral valuation method was used to obtain a European option pricing model with logarithmic truncated t-distribution.
文摘A model adequacy test should be carried out on the basis of accurate aprioristic ideas about a class of adequate models, as in solving of practical problems this class is final. In article, the quadratic sums entering into the equation of the dispersive analysis are considered and their independence is proved. Necessary and sufficient conditions of existence of adequate models are resulted. It is shown that the class of adequate models is infinite.
文摘The purpose of this paper is to propose a new model of asymmetry for square contingency tables with ordered categories. The new model may be appropriate for a square contingency table if it is reasonable to assume an underlying bivariate t-distribution with different marginal variances having any degrees of freedom. As the degrees of freedom becomes larger, the proposed model approaches the extended linear diagonals-parameter symmetry model, which may be appropriate for a square table if it is reasonable to assume an underlying bivariate normal distribution. The simulation study based on bivariate t-distribution is given. An example is given.
文摘In polar coordinate system, we consider fifteen classes of forces resulting in unlimited undiscovered orbitals. The classic conic orbits are one of the special subclasses of the fifteen classes. Among the rest of the forces, we show a few instances displaying typical fresh orbitals. Aside from the common theoretical foundation, the specifics of the orbitals are given by the solution of corresponding equations of motion. These are coupled nonlinear differential equations. Solving these equations numerically, utilizing a Computer Algebra System such as Mathematica is conducive to the orbits. Simulation of the orbitals provides a visual understanding about the motion under the influence of the generalized noncentral forces.
文摘Inadmissibility of a traditional class of noncentrality parameter esti-mators under quadratic loss is established.The result is heuristically motivatedby the form of generalized Bayes estimators and is proved via unbiased estimatorsof the risk function and a solution to an integro-differential inequality.
