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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
test the hypothesis of contagion, Vector Autoregression (VAR) models and instantaneous correlation coefficients corrected …
Persistent link: https://www.econbiz.de/10008836756