Indicate Whether the Tails Mentioned Below Are Fatter or Thinner

question 2

Short Answer

Indicate whether the tails mentioned below are fatter or thinner than the tails for a lognormal distribution based on the implied volatility.
i) Left tail of foreign currency implied distribution _ _ _ _ _ _
ii) Right tail of foreign currency implied distribution _ _ _ _ _ _
iii) Left tail of stock index implied distribution _ _ _ _ _ _
iv) Right tail of stock index implied distribution _ _ _ _ _ _

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Definitions:

Smallpox

Smallpox was a highly contagious and deadly disease caused by the Variola virus, characterized by fever and a distinctive skin rash. It was declared eradicated in 1980 thanks to a global vaccination campaign.

Communal Healing Rituals

Practices or ceremonies performed within a community to address collective trauma, illness, or conflict, aiming at emotional or physical healing.

Mourning Wars

Conflicts engaged in by indigenous peoples of the northeastern Americas primarily as a way to obtain captives to replace lost community members.

Iroquois

A historically powerful northeast Native American confederacy known for its political and organizational skills, encompassing several tribes.