"This book is refreshing, innovative and important for several reasons. Perhaps most importantly, it attempts to reconcile game theory with one-person decision theory by viewing a game as a collection of one-person decision problems. As natural as this approach may seem, it is hard to find game...

Summary This note investigates the structure of dominance relations in daily returns of 32 German assets during the 1990s. We focus on stochastic dominance of first, second and third order but meanvariance and mean-Gini dominance is also considered. Efficient (i. e., nondominated) sets of assets...

The lower tail dependence λL is a measure that characterizes the tendency of extreme co-movements in the lower tails of a bivariate distribution. It is invariant with respect to strictly increasing transformations of the marginal distribution and is therefore a function of the copula of the...

Power of modifications of the Kolmogorov, Cramer-von Mises, Watson and Anderson-Darling tests for testing uniformity when limits are unknown is compared. Power is computed by Monte Carlo simulation within one-parameter families of alternative distributions containing the uniform distribution as...

A new family of conditional-dependence measures based on Spearman's rho is introduced. The corresponding multidimensional versions are established. Asymptotic distributional results are derived for related estimators which are based on the empirical copula. Particular emphasis is placed on a new...