bol ic ▁distribution , ▁the ▁normal - in verse ▁Gaussian ▁distribution ▁and ▁the ▁variance - gamma ▁distribution . ▁▁▁ ▁has ▁a ▁Student ' s ▁t - distribution ▁with ▁ ▁degrees ▁of ▁freedom . ▁▁ ▁has ▁a ▁hyper bol ic ▁distribution . ▁▁▁ ▁has ▁a ▁normal - in verse ▁Gaussian ▁distribution ▁( N IG ). ▁▁ ▁normal - in verse ▁chi - squ ared ▁distribution ▁▁ ▁normal - in verse ▁g amma ▁distribution ▁( NI ) ▁▁ ▁has ▁a ▁variance - gamma ▁distribution ▁▁ ▁has ▁a ▁Lap lace ▁distribution ▁with ▁location ▁parameter ▁ ▁and ▁scale ▁parameter ▁ 1 . ▁ ▁App lications ▁▁ ▁It ▁is ▁mainly ▁applied ▁to ▁areas ▁that ▁require ▁sufficient ▁probability ▁of ▁far - field ▁behaviour , ▁which ▁it ▁can ▁model ▁due ▁to ▁its ▁semi - he avy ▁t ails — a ▁property ▁the ▁normal ▁distribution ▁does ▁not ▁possess . ▁ ▁The ▁general ised ▁hyper bol ic ▁distribution ▁is ▁often ▁used ▁in ▁econom ics , ▁with ▁particular ▁application ▁in ▁the ▁fields ▁of ▁mod elling ▁financial ▁mark ets ▁and ▁risk ▁management , ▁due ▁to ▁its ▁semi - he avy ▁t ails . ▁ ▁References ▁ ▁Category : Cont inu ous ▁distributions <0x0A> </s> ▁{{ T ax obox ▁| ▁name ▁= ▁Pla co ch ilus ▁sel ad onic us ▁| ▁image ▁= ▁Mir idae ▁- ▁Pla co ch ilus ▁sel ad onic us - 0 0 1 . J PG ▁| ▁image _ width ▁= ▁ 2 5 0 px ▁| image _ caption ▁= ▁Pla co ch ilus ▁sel ad onic us .