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I want to know why and how Levy distribution equation was obtained. What characteristics does it have that makes it necessary or useful?

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A distribution is neither provable nor unprovable, it just is. You seem to have a specific context in mind, the one in which YOU encountered these distributions. If so, state it. –  Did Dec 8 '12 at 8:29
    
@did Oops. I wasn't asking whether distribution is provable - it's not a theorem. My question is, for what purpose is this distribution made? –  La Ventana Dec 8 '12 at 11:40
    
(Quote) You seem to have a specific context in mind... state it. (Unquote) –  Did Dec 8 '12 at 13:29

1 Answer 1

I would recommend reading these:

http://academic2.american.edu/~jpnolan/stable/chap1.pdf , and

http://en.wikipedia.org/wiki/L%C3%A9vy_distribution , and

www.columbia.edu/~sk75/levy.pdf

Enjoy!

-A

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Needs a long-overdue upvote! –  amWhy May 15 '13 at 0:41

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