Applications of Heavy Tailed Distributions in Economics, Engineering and Statistics

3-5 June 1999
American University, Washington, DC

Co-sponsored by the American Statistical Association and the Institute of Mathematical Statistics. The conference is financially supported by the National Science Foundation, the Army Research Office, the Office of Naval Research, and the Mellon Fund of the College of Arts and Sciences, American University.

Heavy tailed distributions are being used in a large variety of problems in economics, finance, engineering, statistics, and other areas. It is evident that many important problems are poorly described by standard Gaussian models. This conference will draw together experts from a range of disciplines to describe the methods used to analyze such processes.

Stable densities in Zolotarev's (M) parameterization. Alpha varies through 0.5, 0.75, 1, 1.25, 1.5, 1.75, 2 from top to bottom. In all cases, skewness beta is 0.5, scale is 1 and shift is 0.

Invited Speakers

Keynote Address - The Multifractality of Financial Prices, Benoit Mandelbrot, IBM and Yale University. Thursday June 3, 8:30 AM.

Robert Adler (Technion), Gonzalo Arce (Delaware), Michel Dacorogna (Olsen/Zurich), Richard Davis (Colorado State), Paul Embrecht (ETH/Zurich), Raisa Feldman (Santa Barbara),