Multivariate Option Pricing with Pair-Copulas

Table 1

Descriptive statistics.

	NYSE	Nasdaq	Nasdaq Com	S&P
Mean	0.350	0.466	0.448	0.377
Standard deviation	0.0085	0.0096	0.0093	0.0079
Kurtosis	3.549	3.685	3.629	3.915
JB statistics	3.18	5.07	4.09	8.68