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Deriving a theoretically defensible measure of risk

27 September 2009
Publication Type: Policy Brief
JEL Code: D8, D81

According to economic theory, risk is a central consideration in financial decision-making. In practice, though, it is difficult to quantify the uncertainty faced by investors, particularly if the aim is to present a risk measure that is consistent with economic theory, is objective and can be replicated.

Series title: Research Brief 03
1 March 2009
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