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Risk aversion in financial decisions: A nonextensive approach

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  • Celia Anteneodo
  • Constantino Tsallis

Abstract

The sensitivity to risk that most people (hence, financial operators) feel affects the dynamics of financial transactions. Here we present an approach to this problem based on a current generalization of Boltzmann-Gibbs statistical mechanics.

Suggested Citation

  • Celia Anteneodo & Constantino Tsallis, 2003. "Risk aversion in financial decisions: A nonextensive approach," Papers cond-mat/0306605, arXiv.org.
  • Handle: RePEc:arx:papers:cond-mat/0306605
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    Cited by:

    1. Gençay, Ramazan & Gradojevic, Nikola, 2010. "Crash of '87 -- Was it expected?: Aggregate market fears and long-range dependence," Journal of Empirical Finance, Elsevier, vol. 17(2), pages 270-282, March.

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