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Andreasen Kincaid
@bronzejumper46
Active 10 months ago
If the kurtosis is coming from a positive fat tail we would expect individuals to overpay for the prospect to ‘win a lottery’: they are going to prefer high kurtosis, and there will be greater anticipated returns for low kurtosis belongings. Investment is the employment of excess funds within the expectation of positive return. Systematic risk […] View
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