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MANAGING DOWNSIDE RISK IN FINANCIAL MARKETS

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MANAGING DOWNSIDE RISK IN FINANCIAL MARKETS

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This book is dedicated to the many students we have taught over the years, whose thought-provoking questions led us to rethink what we had learned as graduate students. For all such questioning minds, we offer the research efforts of scholars around the world who have come to the conclusion that uncertainty can be decomposed into a risk component and a reward component; that all uncertainty is not bad.

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