Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/77253
Authors: 
Krämer, Walter
Runde, Ralf
Year of Publication: 
1999
Series/Report no.: 
Technical Report, SFB 475: Komplexitätsreduktion in Multivariaten Datenstrukturen, Universität Dortmund 1999,08
Abstract: 
We argue against the view that it is mostly the peaks of the empirical densities of stock returns (and of other risky returns as well) that set such data aside from ‘normal’ variables. We show that peaks depend on sample size and on the way returns are standardized, and that for given data sets of stock returns, both higher peaks and lower peaks than in a standard normal case can be obtained.
JEL: 
C13
C14
Document Type: 
Working Paper

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