FALSE ASSUMPTION: 🚫 Black-Scholes log-normal distribution → ✅ FACT / Our Hypothesis = Extreme kurtosis, Fat tails, and Flash crashes

FALSE ASSUMPTION: 🚫 Black-Scholes log-normal distribution → ✅ FACT / Our Hypothesis = Extreme kurtosis, Fat tails, and Flash crashes
💡
Hypothesis H10038

False assumption:

🚫Black-Scholes log-normal distribution

Our hypothesis:

✓ Extreme kurtosis, fat tails and flash crashes