Showing 1 - 1 of 1
January 2003 <p> In this paper, a notion of risk measure is defined for dynamic models. Three axioms, coherence, relevance and dynamic consistence, are postulated. It is shown that every dynamic risk measure that satisfies the axioms can be represented as the maximal expected present value of...</p>
Persistent link: https://www.econbiz.de/10005837932