With the current interest in copula methods, and fat-tailed or other non-normal distributions, it is appropriate to investigate technologies for managing marginal distributions of interest. We explore ...

Arithmetic Asian options are difficult to price and hedge as they do not have closed-form analytic solutions. The main theoretical reason for this difficulty is that the payoff depends on the finite ...

A parametric family of distributions is a collection of distributions with a known form that is indexed by a set of quantities called parameters. Methods based on parametric distributions of normal, ...