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Models, Distributions: preamble

Some contributions on the Normal vs Levy thread suggest that wider musings on modelling issues may be fruitful. By the standards set by one poster as the minimum “to understand financial modelling”, my...

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Is the future like the past?

.. continuing a ramble prompted by the Normal / Levy thread : This deceptively simple question is at the heart of many modelling issues. Interpreted at a shallow level, this could be a question about...

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