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Keywords: Fat tails
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Journal Articles
Journal of Risk Finance (2012) 13 (2): 171–178.
Published: 24 February 2012
... types in the system, modifying the share. Findings When the system is out of equilibrium, stylized facts arise, such as fat tailed distribution of returns and volatility clustering. If speculators abandon price taking behavior, stylized facts disappear. Originality/value The modified MG...

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