Multi-moment Asset Allocation And Pricing Models
- Editore:
John Wiley And Sons Ltd
- Collana:
- Wiley Finance Series
- EAN:
9780470034156
- ISBN:
0470034157
- Pagine:
- 258
- Formato:
- Hardback
- Lingua:
- Inglese
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Descrizione Multi-moment Asset Allocation And Pricing Models
While mainstream financial theories and applications assume that asset returns are normally distributed and individual preferences are quadratic, the overwhelming empirical evidence shows otherwise. Indeed, most of the asset returns exhibit "fat-tails" distributions and investors exhibit asymmetric preferences.
Fuori catalogo - Non ordinabile
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