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liberalize the movement flowing of their capitals. As the linear correlation is unable to capture nonlinear relation between …
Persistent link: https://www.econbiz.de/10011110477
We introduce a closed form behavioural stochastic Arrow-Pratt risk process, decomposed into discrete asymmetric risk seeking and risk averse components that run on different local times in ϵ-disks centered at risk free states. Additionally, we embed Arrow-Pratt (“AP”) risk measure in a...
Persistent link: https://www.econbiz.de/10008545956