While mainstream financial theories and applications assume that asset returns are normally distributed, overwhelming empirical evidence shows otherwise. Yet many professionals don’t appreciate the highly statistical models that take this empirical evidence into consideration. Fat-Tailed and Skewed Asset Return Distributions examines this dilemma and offers readers a less technical look at how portfolio selection, risk management, and option pricing modeling should and can be undertaken when the assumption of a non-normal distribution for asset returns is violated. Topics covered in this comprehensive book include an extensive discussion of probability distributions, estimating probability distributions, portfolio selection, alternative risk measures, and much more. Fat-Tailed and Skewed Asset Return Distributions provides a bridge between the highly technical theory of statistical distributional analysis, stochastic processes, and econometrics of financial returns and real-world risk management and investments.

Fat-Tailed and Skewed Asset Return Distributions: Implications for Risk Management, Portfolio Selection, and Option Pricing

Business & Money

Fabozzi, Frank J.

Menn, Christian

Rachev, Svetlozar T.

Economics

wiley

This book was written to make the material presented in my book, Stahlbetonbrucken, accessible to a larger number of engineers throughout the world. A work in English, the logical choice for this task, had been contemplated as Stahlbetonbrucken was still in its earliest stages of preparation. The early success of Stahlbetonbrucken provided significant impetus for the writing of Prestressed Concrete Bridges, which began soon after the publication of its predecessor. The present work is more than a mere translation of Stahlbetonbrucken. Errors in Stahlbetonbrucken that were detected after publication have been corrected. New material on the relation between cracking in concrete and corrosion of reinforce ment, prestressing with unbonded tendons, skew-girder bridges, and cable-stayed bridges has been added. Most importantly, however, the presentation of the material has been extensively reworked to improve clarity and consistency. Prestressed Concrete Bridges can thus be regarded as a thoroughly new and improved edition of its predecessor.

Prestressed Concrete Bridges

Science & Math

Technology

Birkhauser

This book was written to make the material presented in my book, Stahlbetonbrucken, accessible to a larger number of engineers throughout the world. A work in English, the logical choice for this task, had been contemplated as Stahlbetonbrucken was still in its earliest stages of preparation. The early success of Stahlbetonbrucken provided significant impetus for the writing of Prestressed Concrete Bridges, which began soon after the publication of its predecessor. The present work is more than a mere translation of Stahlbetonbrucken. Errors in Stahlbetonbrucken that were detected after publication have been corrected. New material on the relation between cracking in concrete and corrosion of reinforce ment, prestressing with unbonded tendons, skew-girder bridges, and cable-stayed bridges has been added. Most importantly, however, the presentation of the material has been extensively reworked to improve clarity and consistency. Prestressed Concrete Bridges can thus be regarded as a thoroughly new and improved edition of its predecessor.

Engineering & Transportation

Engineering

Die dritte Auflage des Klassikers Stahlbetonbrücken behandelt in umfassender Form die Grundlagen des konzeptionellen Entwurfs sowie der Projektierung, Ausführung und Erhaltung von Brücken aus Stahl- und Spannbeton. Diese Grundlagen sind entscheidend für die Ästhetik, Tragsicherheit, Dauerhaftigkeit und Wirtschaftlichkeit einer Brücke. Mit einfachen Modellen wird ein Höchstmaß an Klarheit und Verständlichkeit erreicht. Auf Detailberechnungen wird verzichtet, da sie meist von sekundärer Bedeutung sind und weder auf die Qualität noch auf die Wirtschaftlichkeit einer Brücke einen nennenswerten Einfluss haben. Für Qualität und Dauerhaftigkeit von Stahlbetonkonstruktionen spielen die Anordnung der Bewehrung und die konstruktive Ausbildung eine entscheidende Rolle, weshalb grundsätzliche Lösungsmöglichkeiten dargestellt werden. Die Themen Entwurf, Baustoffe, Einwirkungen, Ausrüstungsteile, Schrägkabelbrücken und Erhaltung wurden grundlegend überarbeitet und erweitert.

Stahlbetonbrücken (German Edition)

Brühwiler, Eugen

Springer

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