Publication Date
3-1-2022
Abstract
Many economic situations -- and many situations in other application areas -- are well-described by a special asymmetric generalization of normal distributions -- known as skew-normal. However, there is no convincing theoretical explanation for this empirical phenomenon. To be more precise, there are convincing explanations for the ubiquity of normal distributions, but not for the transformation that turns normal into skew-normal. In this paper, we use the analysis of hydraulic fracturing-induced seismicity to show explain the ubiquity of such a transformation.
Comments
Technical Report: UTEP-CS-22-37