Mai, Jan-Frederik; Scherer, Matthias - In: Statistics & Risk Modeling 30 (2013) 4, pp. 287-306
Abstract We present a list of challenges one faces when given the task of modeling dependence between stochastic objects, with a special focus on financial applications. Our aim is to draw the readers' attention to common (and not so common) pitfalls and fallacies, and we particularly address...