preferences in terms of statistical moments. An implication is, for example, that prudence implies preference for distributions … with higher skewness as defined by all odd moments. Moreover, we show that this preference is robust towards variation in … kurtosis as defined by all even moments. We thus speak of the kurtosis robustness feature of prudence. Further, we show that …

moments; DCC does not have testable regularity conditions; DCC yields inconsistent two step estimators; DCC has no asymptotic …

moments; DCC does not have testable regularity conditions; DCC yields inconsistent two step estimators; DCC has no asymptotic …

commissioner, are able to increase their utility by using revenue sharing to affect higher order moments of the revenue … of team local revenues. We first determine the extent to which revenue sharing affects these moments in theory, then we …

raw and joint moments, the moment generating function and the distribution function of the increments of compound renewal …

We develop a new method, based on the use of polar coordinates, to investigate the existence of moments for … results. For JIVE, we obtain the new result that this estimator has no moments at all. Simulation results illustrate the … consequences of its lack of moments. …

distribution. Its moments and momentsbased measures are derived and discussed. Statistical properties, including the hazard rate …-strength reliability are also analysed. The method of moments and the method of maximum likelihood estimations is discussed for estimating …

(PSBTPAD). Several statistical properties of PSBTPAD distribution are proved. These properties include the following: moments …

these analyses. We first derive first and second moments conditional on only a set of regime probabilities. Next, we propose … generalized impulse response functions of first and second moments to shocks originating from the regime process, the structural …