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A Note on Risk Acceptance, Bankruptcy Avoidance and Riskiness Measures
(2013-09-30)
In this work we clarify the relationships between riskiness, risk acceptance and bankruptcy avoidance. We distinguish between the restriction on the current wealth required to make a gamble acceptable to the decision maker ...
An Alternative View of the US Price-Dividend Ratio Dynamics
(2014-12)
As a necessary condition for the validity of the present value model, the price-dividend ratio must be stationary. However, significant market episodes seem to provide
evidence of prices significantly drifting apart from ...