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    TOMACS
    2002
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    Simulating heavy tailed processes using delayed hazard rate twisting
    13 years 11 months ago
    Simulating heavy tailed processes using delayed hazard rate twisting
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    Consider the problem of estimating the small probability that the maximum of a random walk exceeds a large threshold, when the process has a negative drift and the underlying rand...
    Sandeep Juneja, Perwez Shahabuddin
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