Nowadays, most of the empirical studies and models concern average properties like expected returns, volatility, or correlations, and little attention has been given to the extreme movements.
目前,很多有关金融风险的研究都是针对均值、方差、相关性,很少有人关注极端的波动情况。
Nowadays, most of the empirical studies and models concern average properties like expected returns, volatility, or correlations, and little attention has been given to the extreme movements.
目前,很多有关金融风险的研究都是针对均值、方差、相关性,很少有人关注极端的波动情况。
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