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In this paper the alternative value-at-risk (VaR) and expected shortfall (ES) analysis were made according to different … (NIKKEI225) and France (CAC40). The backtesting procedures examining the performance of the alternative VaR models appointed …
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game theory, behavioral economics, behavioral game theory, evolutionary game theory, neuroeconomics, experimental economics … and multiple equilibrium, they provide new oportunities to the theory of economics. In this study, firstly, Austrian …
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