Risk-free Yields, Risk Aversion, and Volatility
The classic approach to risk analysis is rooted in the belief that risk aversion is constant, determined by constant preferences. It is becoming clear that this proposition is no longer acceptable. Risk aversion can change over short time, between sovereign countries, and on different financial and...
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| Format: | Article |
| Language: | English |
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EconJournals
2017-09-01
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| Series: | International Journal of Economics and Financial Issues |
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| Online Access: | https://dergipark.org.tr/tr/pub/ijefi/issue/32021/354206?publisher=http-www-cag-edu-tr-ilhan-ozturk |