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Showing 1 to 1 of 1 for “"Assets (Accounting)--Prices"”.
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Essays on Asset Pricing and Downside Risk
… on the relation between downside risk and asset prices. In chapter one, we use a famous quote among professional investors, "focus on the downside, and the upside will take care of itself", to motivate a representative consumer-investor who only cares about the downside. The consumption-based …