In a recent paper, Kuo and Chen (1995) propose a simplification of the Howard and D'Antonio (1984, 1987) model of hedging effectiveness. This note extends Kuo-Chen's suggested simplification to derive the optimal hedge ratio and second order conditions (SOCs) of the Howard-D'Antonio model. These SOC
β¦ LIBER β¦
A note on a fuzzy measure of typicality
β Scribed by Ronald R. Yager
- Publisher
- John Wiley and Sons
- Year
- 1997
- Tongue
- English
- Weight
- 99 KB
- Volume
- 12
- Category
- Article
- ISSN
- 0884-8173
No coin nor oath required. For personal study only.
β¦ Synopsis
The concept of typicality is studied and the relationship between a typical value and the mode is explored. It is suggested that a typical value should be a fuzzy subset. A measure of typicality associated with any fuzzy subset is introduced. We provide an algorithm for finding the best typical value which is of the form of an interval.
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