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Heavy-tailed Asymmetric Distribution: Theory and Its Application

Time : 2009-02-17

 

On November 7, Dr. Zhu Dongming delivered a wonderful lecture on "heavy-tailed asymmetric distribution: Theory and its application in finance and risk management " to teachers and students in ACC5 conference room. Dr. Zhu Dongming gained his PhD in McGill University and currently is an Associate Professor in HSBC School of Business, Peking University. His Research Fieldsare Econometric theory, Financial modeling, Risk management, and his main academic papers are collected by top10 A-level academic journal “Journal of Econometrics”, “Review of Economics and Statistic” 

At the beginning, Dr. Zhu introduced his research purpose, that is, financial data has the characteristics of heavy-tailed and asymmetric distribution, and the currently and widely used distribution can not fit the characteristics of the data well; then Dr. Zhu, associating his own papers, used easy-to-understand language to explain how to structure and prove his expansion of the distribution function.

At the end of lecture, Dr. Zhu warmly answered questions raised by the teachers and students.