Marco Campi, A Unique Representation Theorem for the Conditional Expectation of Stationary Processes and Application to Dynamic Estimation Problems, Journal of Applied Probability, Vol. 34, No. 2 (Jun ...

In violation of this assumption, we present eight experiments showing that people anticipate less utility from uncertain outcomes than from certain outcomes, even conditional on their realization.

When evaluating the tail risk of stock portfolio returns, providing statistically sound solutions for long return horizons is important, but difficult. Furthermore, there are drawbacks to using ...