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Consensus bets have a tighter returns distribution, driven mostly by execution.
On the upper segment of the returns distribution, the country-specific returns to schooling from 12 countries are higher than the Canadian return.
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So, if your return distribution looks like this this is return, OK?
The idea of the earn-out is important, though, in the context of the book publishing industry, where the traditional economics are based on sale-or-return distribution.
If my return distribution were beautifully symmetric and beautifully normal and independent, then the risk I could measure this 1% order statistic.
The notional advantage of the DSU was that it exposed the executive to the whole distribution of upside and downside, not just the upside half of the return distribution as with options.
Our estimators are competitive with Roll's and Hasbrouck's when the latent true fundamental return distribution is Gaussian, and perform much better when this distribution is far from Gaussian.
Inequality, social fragmentation, and lack of leadership in the community do have adverse consequences but these can be overcome by changes in project complexity, community participation, and return distribution.
While Gaussian variance is not necessarily a problem in itself, the non-normality of return distribution caused by price jumps affects not only the performance of many risk-hedging algorithms but directly influences the frequency of catastrophic market events.
The GARCH specification is consistent with the return distribution of most financial assets, which is leptokurtic and it allows long memory in the variance of the conditional return distribution.
Gouret and Hollard (2011) take this criticism seriously and try to separate the fraction of respondents that do provide valuable information about expected mutual fund return distribution.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com