Sunday, November 9, 2014

stochastic discount factor (SDF) ineffi ciency of Brownian motions and heavier tailed

[PDF]On the ineffi ciency of Brownian motions and heavier tailed ...
https://editorialexpress.com/cgi-bin/conference/download.cgi?db...
of the Theory of Relativity. In general, when facing such a ... Indeed, if zπ is the stochastic discount factor (SDF) of the pricing model, and. Log (zπ) is unbounded, ...

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