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Keywords: Stable laws
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Journal Articles
Real estate risk: heavy tail modelling using Excel
Available to Purchase
Journal of Property Investment & Finance (2015) 33 (4): 393–407.
Published: 06 July 2015
...-by-step walk-through of the Excel model (the model being downloadable at: www.mathestate.com ). Findings – Existing models for real estate risk modelling fall short with respect to realistic simulation of the probability of extreme events due to challenges in the implementation of stable laws...
