Showing 1 - 10 of 660
Persistent link: https://www.econbiz.de/10010222130
In this paper we provide a review of copula theory with applications to finance. We illustrate the idea on the bivariate framework and discuss the simple, elliptical and Archimedean classes of copulae. Since the copulae model the dependency structure between random variables, next we explain the...
Persistent link: https://www.econbiz.de/10010274147
Persistent link: https://www.econbiz.de/10012546856
Persistent link: https://www.econbiz.de/10012243396
Persistent link: https://www.econbiz.de/10014448266
Several models of choice under uncertainty imply systematic violations of transitivity of preference. Our experiments explored whether people show patterns of intransitivity predicted by these models. To distinguish "true" violations from those produced by "error", a model was fit in which each...
Persistent link: https://www.econbiz.de/10010273147
Recently proposed models of risky choice imply systematic violations of transitivity of preference. Five studies explored whether people show patterns of intransitivity predicted by four descriptive models. To distinguish ?true? violations from those produced by ?error,? a model was fit in which...
Persistent link: https://www.econbiz.de/10010296263
states. A particular feature of our experimental design is that it takes into account the possible role of decision errors …
Persistent link: https://www.econbiz.de/10009503929
Persistent link: https://www.econbiz.de/10010512646
Persistent link: https://www.econbiz.de/10011411676