SpringerBriefs in Mathematics

Tempered Stable Distributions

Stochastic Models for Multiscale Processes

Authors: Grabchak, Michael

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  • ​Provides a thorough survey of tempered stable distributions and their associate Levy processes
  • Self-contained discussion and overview makes it perfect for researchers interested in learning about tempered stable distributions
  • Many new cutting-edge results of interest to specialists in the area
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eBook $54.99
price for USA in USD (gross)
  • ISBN 978-3-319-24927-8
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Softcover $69.99
price for USA in USD
  • ISBN 978-3-319-24925-4
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  • Usually dispatched within 3 to 5 business days.
About this book

This brief is concerned with tempered stable distributions and their associated Levy processes. It is a good text for researchers interested in learning about tempered stable distributions. 
A tempered stable distribution is one which takes a stable distribution and modifies its tails to make them lighter. The motivation for this class comes from the fact that infinite variance stable distributions appear to provide a good fit to data in a variety of situations, but the extremely heavy tails of these models are not realistic for most real world applications. The idea of using distributions that modify the tails of stable models to make them lighter seems to have originated in the influential paper of Mantegna and Stanley (1994). Since then, these distributions have been extended and generalized in a variety of ways. They have been applied to a wide variety of areas including mathematical finance, biostatistics,computer science, and physics.

Reviews

“This is a very nicely written book on tempered stable distributions. The exposition is careful and very readable. … The book will be a very helpful source for researchers working in the area of tempered stable distributions and for all that want to apply them.” (Alexander Lindner, zbMATH 1361.60003, 2017)


Table of contents (8 chapters)

Table of contents (8 chapters)

Buy this book

eBook $54.99
price for USA in USD (gross)
  • ISBN 978-3-319-24927-8
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $69.99
price for USA in USD
  • ISBN 978-3-319-24925-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Tempered Stable Distributions
Book Subtitle
Stochastic Models for Multiscale Processes
Authors
Series Title
SpringerBriefs in Mathematics
Copyright
2016
Publisher
Springer International Publishing
Copyright Holder
Michael Grabchak
eBook ISBN
978-3-319-24927-8
DOI
10.1007/978-3-319-24927-8
Softcover ISBN
978-3-319-24925-4
Series ISSN
2191-8198
Edition Number
1
Number of Pages
XII, 118
Topics