Risk and Volatility : Econometric Models and Financial Practice

@inproceedings{Engle2003RiskAV,
  title={Risk and Volatility : Econometric Models and Financial Practice},
  author={Robert F. Engle},
  year={2003}
}
The advantage of knowing about risks is that we can change our behavior to avoid them. Of course, it is easily observed that to avoid all risks would be impossible; it might entail no flying, no driving, no walking, eating and drinking only healthy foods and never being touched by sunshine. Even a bath could be dangerous. I could not receive this prize if I sought to avoid all risks. There are some risks we choose to take because the benefits from taking them exceed the possible costs. Optimal… CONTINUE READING
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References

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Showing 1-10 of 39 references

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2002b), “New Frontiers for ARCH,

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“ The Econometrics of Ultra - High - Frequency Data

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1 Excerpt

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