The existing empirical literature fails to agree on the nature of the intertemporal relation between risk and return. This paper attempts to resolve the issue by estimating a conditional two-factor ...

This is a preview. Log in through your library . Abstract This paper tests for the presence of output mean and variance nonlinearities in international industrial production and UK and US sectoral ...

An introduction to the fundamental ideas in probability important for data scientists and statisticians. The core concepts of combinatorics, expectation, variance ...

Conditional expectations have long been the bane of XVA desks. They are an integral part of virtually every derivatives product, from vanilla swaps to exotics such as Bermudan swaptions. But the ...

Paolacci, Gabriele; André, Quentin. Probabilistic Outcomes Are Valued Less in Expectation, Even Conditional on Their Realization. Management Science. Nov2024, Vol. 70 Issue 11, p7524-7536. Most ...