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On the Shadow Moments of Apparently Infinite-Mean Phenomena
- Source :
- Unifying Themes in Complex Systems IX ISBN: 9783319966601
- Publication Year :
- 2018
- Publisher :
- Springer International Publishing, 2018.
-
Abstract
- We propose an approach to compute the conditional moments of fat-tailed phenomena that, only looking at data, could be mistakenly considered as having infinite mean. This type of problems manifests itself when a random variable Y has a heavy-tailed distribution with an extremely wide yet bounded support.
- Subjects :
- Econophysics
Distribution (number theory)
05 social sciences
Type (model theory)
Complex network
01 natural sciences
Power law
010104 statistics & probability
Bounded function
0502 economics and business
Shadow
Statistical physics
0101 mathematics
Random variable
050205 econometrics
Mathematics
Subjects
Details
- ISBN :
- 978-3-319-96660-1
- ISBNs :
- 9783319966601
- Database :
- OpenAIRE
- Journal :
- Unifying Themes in Complex Systems IX ISBN: 9783319966601
- Accession number :
- edsair.doi...........5575148782025696ebcbd44eed1d725c
- Full Text :
- https://doi.org/10.1007/978-3-319-96661-8_16