Who can explain me the relation between a power law and the stable distributions? Namely How i can represent a power law in terms of an alpha-stable distribution?
Relation between power laws and stable distributions.
1
$\begingroup$
probability
statistics
1 Answers
0
Well, for $\alpha<2$ stable distributions have tails behaving asymptotically as power laws. See Thm 1.12 here http://academic2.american.edu/~jpnolan/stable/chap1.pdf. As this is only an asymptotic property, I don't think you can represent a power law with a stable distribution.