Exchangeable stable random vectors and their simulations

Abstract

This work concerns the simulation of an exchangeable stable random vector. A characterization for exchangeability of a stable random vector, in terms of its spectral measure, is given. The Modarres and Nolan’s simulating method on stable random vectors is modified to the exchangeable case. FORTRAN subroutines to simulate a desirable exchangeable stable random vector and to create an exchangeable partition are written.