How should (Y_{k}) and Merton's risk measure (b_{p}^{k}) be defined when distribution of (Z_{e}^{K}) has high moments?

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How should $Y_{k}$ and Merton's risk measure $b_{p}^{k}$ be defined when distribution of $Z_{e}^{K}$ has high moments?

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Advanced Finance Theories

ISBN: 9789814460378

1st Edition

Authors: Ser-Huang Poon

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Question Posted: May 27, 2024 03:04 AM

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How should (Y_{k}) and Merton's risk measure (b_{p}^{k}) be defined when distribution of (Z_{e}^{K}) has high moments?

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Advanced Finance Theories

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