Showing posts with label he found that the price changes in financial markets did not follow a Gaussian distribution. Show all posts
Showing posts with label he found that the price changes in financial markets did not follow a Gaussian distribution. Show all posts
Sunday, September 6, 2026

In Mandelbrot's early work, he found that the price changes in financial markets did not follow a Gaussian distribution, but rather Lévy stable distributions having infinite variance.

›
In his early work, he found that the price changes in financial markets did not follow a Gaussian distribution , but rather Lévy stable di...