the long-term implications for risk pricing. This measure is typically distinct from the physical and the risk neutral … measures that are well known in mathematical finance. We apply a generalized version of Perron-Frobenius theory to construct … observational implications of risk adjustments and investor beliefs as reflected in asset market data; ii) catalog alternative forms …

the long-term implications for risk pricing. This measure is typically distinct from the physical and the risk neutral … measures that are well known in mathematical finance. We apply a generalized version of Perron-Frobenius theory to construct … observational implications of risk adjustments and investor beliefs as reflected in asset market data; ii) catalog alternative forms …

This paper presents an axiomatic model of probabilistic choice under risk. In this model, when it comes to choosing one … theory such as the common ratio effect and the violations of the betweenness. Necessary and sufficient conditions for the …

probability, although Keynes's theory of probability can easily deal with ordinal probability with the aid of Keynes's principle …

should be given a subjectivist interpretation changes both the theory and the practice of tax compliance. First, because tax …

we look at the Sharpe ratio and the VaR measure of market risk as well, proposing some decision rules for investors …, regulators and risk managers …