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This paper revisits the Levy sections theorem. We extend the scope of the theorem to time series and apply it to historical daily returns of selected dollar exchange rates. The elevated kurtosis usually observed in such series is then explained by their volatility patterns. And the duration of...
Persistent link: https://www.econbiz.de/10005836664
This paper puts forward a technique based on the characteristic function to tackle the problem of the sum of stochastic variables. We consider independent processes whose reduced variables are identically distributed, including those that violate the conditions for the central limit theorem to...
Persistent link: https://www.econbiz.de/10005621807
(psychopathy, Machiavellianism and nihilism). The students also responded to questionnaires to assess their attitudes toward risk … psychopathic, Machiavellian and nihilistic traits in the sample, and also that risk seekers were antisocial. Additionally, we found … who were anxious tend to be nihilists. Moreover, boys born from younger mothers were more risk seeking than girls born …
Persistent link: https://www.econbiz.de/10011109914
similar experiment with preschool children to assess their attitudes toward risk and found the children, like the monkeys, to … be risk seeking. This suggests that adult humans are not born risk averse, but become risk averse. Our experiment also … that though emotional states and predetermined prenatal testosterone can influence children’s preferences toward risk …
Persistent link: https://www.econbiz.de/10005025703