Albrecht, Peter; Maurer, Raimond - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 2000
This paper analyses the temporal sequence of the shortfall-risk of a stock investment relative to fixed-target returns regarding investment periods of 1 up to 30 years. For this purpose we use three different risk-measures, namely the shortfall-probability, the shortfall-expectation as well as...