XIONG Zheng-feng~1,CHENG Tian-zhi~2(1.Department of Management Science and Engineering,Nanchang University,Nanchang 330047,China;2.Jiangxi Institute of Electronic Science,Nanchang 330006,China)
Abstract：This paper is aim to derive the generalized equilibrium relationship between risk and return under the assumption that the asset returns follow a joint symmetric α-stable distribution,with 1<α<2.The "stable" highlights a new measure of the quantity of r
2005, Vol. 29 