{"state_type":"pith_open_graph_state","state_version":"1.0","pith_number":"pith:2016:3TW2CFO4LWDXI2PWEUPN3HXW3D","merge_version":"pith-open-graph-merge-v1","event_count":2,"valid_event_count":2,"invalid_event_count":0,"equivocation_count":0,"current":{"canonical_record":{"metadata":{"abstract_canon_sha256":"5a6eb1984df8c5372d68b4bb8e0269ebb4f5a74a83ac261471b9fe0df0ff39c6","cross_cats_sorted":["q-fin.MF"],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"stat.AP","submitted_at":"2016-01-31T14:46:06Z","title_canon_sha256":"d28361403623d16f47c2861f9686fcafac87f333d2eab0ddb70d63256863fa00"},"schema_version":"1.0","source":{"id":"1602.00256","kind":"arxiv","version":1}},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1602.00256","created_at":"2026-05-18T01:21:35Z"},{"alias_kind":"arxiv_version","alias_value":"1602.00256v1","created_at":"2026-05-18T01:21:35Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1602.00256","created_at":"2026-05-18T01:21:35Z"},{"alias_kind":"pith_short_12","alias_value":"3TW2CFO4LWDX","created_at":"2026-05-18T12:29:58Z"},{"alias_kind":"pith_short_16","alias_value":"3TW2CFO4LWDXI2PW","created_at":"2026-05-18T12:29:58Z"},{"alias_kind":"pith_short_8","alias_value":"3TW2CFO4","created_at":"2026-05-18T12:29:58Z"}],"graph_snapshots":[{"event_id":"sha256:95af7fed6bee1b63706d28e15d6295b278eb6ef36768c8d6efb618b670713aba","target":"graph","created_at":"2026-05-18T01:21:35Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"graph_snapshot":{"author_claims":{"count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","strong_count":0},"builder_version":"pith-number-builder-2026-05-17-v1","claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"paper":{"abstract_excerpt":"In the present paper, we discuss contra-arguments concerning the use of Pareto-Lev\\'y distributions for modeling in Finance. It appears that such probability laws do not provide sufficient number of outliers observed in real data. Connection with the classical limit theorem for heavy-tailed distributions with such type of models is also questionable. The idea of alternative modeling is given.","authors_text":"Ashot V. Kakosyan, Greg Temnov, Lev B. Klebanov","cross_cats":["q-fin.MF"],"headline":"","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"stat.AP","submitted_at":"2016-01-31T14:46:06Z","title":"Some Contra-Arguments for the Use of Stable Distributions in Financial Modeling"},"references":{"count":0,"internal_anchors":0,"resolved_work":0,"sample":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1602.00256","kind":"arxiv","version":1},"verdict":{"created_at":null,"id":null,"model_set":{},"one_line_summary":"","pipeline_version":null,"pith_extraction_headline":"","strongest_claim":"","weakest_assumption":""}},"verdict_id":null}}],"author_attestations":[],"timestamp_anchors":[],"storage_attestations":[],"citation_signatures":[],"replication_records":[],"corrections":[],"mirror_hints":[],"record_created":{"event_id":"sha256:73a0c3f67ff5080abd029bb99856cdbc7cb1a5265d12584525ebdb707ed811a5","target":"record","created_at":"2026-05-18T01:21:35Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"attestation_state":"computed","canonical_record":{"metadata":{"abstract_canon_sha256":"5a6eb1984df8c5372d68b4bb8e0269ebb4f5a74a83ac261471b9fe0df0ff39c6","cross_cats_sorted":["q-fin.MF"],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"stat.AP","submitted_at":"2016-01-31T14:46:06Z","title_canon_sha256":"d28361403623d16f47c2861f9686fcafac87f333d2eab0ddb70d63256863fa00"},"schema_version":"1.0","source":{"id":"1602.00256","kind":"arxiv","version":1}},"canonical_sha256":"dceda115dc5d877469f6251edd9ef6d8f2ed9e992d14ecb5382a87ffe1a0aa7a","receipt":{"algorithm":"ed25519","builder_version":"pith-number-builder-2026-05-17-v1","canonical_sha256":"dceda115dc5d877469f6251edd9ef6d8f2ed9e992d14ecb5382a87ffe1a0aa7a","first_computed_at":"2026-05-18T01:21:35.881339Z","key_id":"pith-v1-2026-05","kind":"pith_receipt","last_reissued_at":"2026-05-18T01:21:35.881339Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","receipt_version":"0.3","signature_b64":"C2DE71FpMmOPcp3MQLIlJop3JVp0h5/dVWwRs2M0ZyjLpBGNXog4gEtNlT8GR51/9p7UVL7IEiE4po/UDiKsAQ==","signature_status":"signed_v1","signed_at":"2026-05-18T01:21:35.881941Z","signed_message":"canonical_sha256_bytes"},"source_id":"1602.00256","source_kind":"arxiv","source_version":1}}},"equivocations":[],"invalid_events":[],"applied_event_ids":["sha256:73a0c3f67ff5080abd029bb99856cdbc7cb1a5265d12584525ebdb707ed811a5","sha256:95af7fed6bee1b63706d28e15d6295b278eb6ef36768c8d6efb618b670713aba"],"state_sha256":"e6c428d65804d3fc55a4a42c030e784a7ed9c72873f1f6c3318a7c77f690a70f"}