Journal
APPLIED MATHEMATICS LETTERS
Volume 13, Issue 5, Pages 73-78Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/S0893-9659(00)00036-7
Keywords
prelimiting behavior of financial returns; stable and v-stable laws
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We derive a new type of prelimit theorems for sums of random number of random variables. As an application, we show that the distribution of asset returns can be approximated by truncated Levy flights. (C) 2000 Elsevier Science Ltd. All rights reserved.
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