This report presents the field calibration results of low-cost sensor systems including several pollutant and axillary sensors, AirSensEUR (ASE), at a rural site and three European cities. An automatic calibration procedure has been developed using co-located data of ASEs and reference...

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This paper develops an optimal trading strategy explicitly linked to an agent's preferences and assessment of the distribution of asset returns. The price of this strategy is a portfolio of implied moments, and its expected excess returns naturally accommodate compensation for higher-order...

This paper introduces a model-free decomposition of S&P 500 forward market index returns in terms of realized and implied dispersion, downside, and tail risk using option portfolios. The decomposition lends itself by construction to learn about the different sources of risk in the market return,...