You Might As Well Be Hung for a Sheep As a Lamb: The Loss Function of an Agent
Most of those who take macro and monetary policy decisions are agents. The worst penalty which can be applied to these agents is to sack them if they...
DP 418
The Arbitrage Pricing Theory is not Robust 1: Variance Matrices and Portfolio Theory in Pictures
The assumption of the Arbitrage Pricing Theory can be formulated in terms of the variance matrix V of the returns on a finite or infinite set of asset...
DP 178
