Risk premia: asymmetric tail risks and excess returns
Year: 2016
Type: article
Abstract: One of the pillars of modern finance theory is the concept of ‘risk premium’, i.e. that a more risky investment should, on the long run, also be more profitable. The argument leading to such a conc...
Source: Quantitative Finance
Institution: Capital Fund Management (France)
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W3122199719