2 citations · 6 across the 22 of their papers we have counts for
4 papers · 1 filter
Business Cycles as Collective Risk Fluctuations
Victor Olkhov
We suggest use continuous numerical risk grades [0,1] of R for a single risk or the unit cube in Rn for n risks as the economic domain. We consider risk ratings of economic agents…
Price, Volatility and the Second-Order Economic Theory
Victor Olkhov
We introduce the price probability measure η(p;t) that defines the mean price p(1;t), mean square price p(2;t), price volatility σp2(t)and all price n-th statistical moments p(n;t)…
Volatility Depends on Market Trades and Macro Theory
Victor Olkhov
We consider the randomness of market trade as the origin of price and return stochasticity. We look at time series of trade values and volumes as random variables during the averag…
Classical Option Pricing and Some Steps Further
Victor Olkhov
This paper considers the asset price p as relations C=pV between the value C and the volume V of the executed transactions and studies the consequences of this definition for the o…