Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Power law in tails of bourse volatility evidence from India Subject The topic of the resource Econophysics; Hill estimator; Levy flights Description An account of the resource Inverse cubic law has been an established Econophysics law. However, it has been only carried out on the distribution tails of the log returns of different asset classes (stocks, commodities, etc.). Financial Reynolds number, an Econophysics proxy for bourse volatility has been tested here with Hill estimator to find similar outcome. The Tail exponent or ? ? 3, is found to be well outside the Levy regime (0 &lt; ? &lt; 2). This confirms that asymptotic decay pattern for the cumulative distribution in fat tails following inverse cubic law. Hence, volatility like stock returns also follow inverse cubic law, thus stay way outside the Levy regime. This piece of work finds the volatility proxy (econophysical) to be following asymptotic decay with tail exponent or ? ? 3, or, in simple terms, inverse cubic law. Risk (volatility proxy) and return (log returns) being two inseparable components of quantitative finance have been found to follow the similar law as well. Hence, inverse cubic law truly becomes universal in quantitative finance. Bikramaditya Ghosh, M. C. Krishna, 2019. Creator An entity primarily responsible for making the resource Ghosh B.; Krishna M.C. Source A related resource from which the described resource is derived Investment Management and Financial Innovations, Vol-16, No. 1, pp. 291-298. Publisher An entity responsible for making the resource available LLC CPC Business Perspectives Date A point or period of time associated with an event in the lifecycle of the resource 2019-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.21511/imfi.16(1).2019.23" target="_blank" rel="noreferrer noopener">https://doi.org/10.21511/imfi.16(1).2019.23</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85063749518&amp;doi=10.21511%2Fimfi.16%281%29.2019.23&amp;partnerID=40&amp;md5=34a2acb0dab2c8ed1fd17ecce0d4fc90" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85063749518&amp;doi=10.21511%2fimfi.16%281%29.2019.23&amp;partnerID=40&amp;md5=34a2acb0dab2c8ed1fd17ecce0d4fc90</a> Rights Information about rights held in and over the resource All Open Access; Gold Open Access Relation A related resource ISSN: 18104967 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Ghosh B., Institute of Management, Christ University, Bangalore, India; Krishna M.C., Institute of Management, Christ University, Bangalore, India