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I want to know why and how Levy distribution equation was obtained. What characteristics does it have that makes it necessary or useful?

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    (Quote) You seem to have a specific context in mind... state it. (Unquote)2012-12-08

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I would recommend reading these:

http://academic2.american.edu/~jpnolan/stable/chap1.pdf , and

http://en.wikipedia.org/wiki/L%C3%A9vy_distribution , and

www.columbia.edu/~sk75/levy.pdf

Enjoy!

-A

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    Needs a long-overdue upvote!2013-05-15