People care about higher statistical moments in decision making under uncertainty
the verdict
SUPPORTED
the evidence backs this
confidence 82/100
Decision-making models and financial analyses frequently account for higher statistical moments, such as skewness and kurtosis, to better handle uncertainty.
Evidence for · 3
Hedge Funds Portfolio Selection with Higher-Order Moments: A Non-Parametric Mean-Variance-Skewness-Kurtosis Efficient Frontier
2005 · cited by 14
Paper [0] demonstrates that portfolio selection models optimize choices by incorporating higher-order moments such as skewness and kurtosis.
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More for · 2
Some results on multivariate measures of elliptical and skew-elliptical distributions: higher-order moments, skewness and kurtosis
2023 · cited by 5
Paper [1] discusses the importance of higher-order moments like skewness and kurtosis in characterizing return distributions.
Skewness-Kurtosis Controlled Higher Order Equivalent Decisions
2016 · cited by 3
Paper [2] evaluates how skewness and kurtosis parameters influence decision equivalence and asymptotic tests under uncertainty.