This book is a guide to asset and risk management from a practical point of view. It is centered around two questions … they should not? - How do investors deal with such crises in terms of their risk measurement and management and, as a … market anomalies and historical crashes. It is intended to serve as a comprehensive introduction to asset and risk management …

Using a procedure analogous to that of Ang et al. (2006), this paper documents that aggregate volatility risk does not … data is available), the price of aggregate volatility risk is not statistically different from zero. Analysis based on … in some studies that examine U.S. data, whether aggregate volatility risk is priced in equity markets is an open question …