in this paper, we propose and study exp-kumaraswamy distribution. some of its properties  are derived, including the density function, hazard rate function, quantile function, moments,  skewness  and kurtosis.   adata set isused to illustrate an application of the proposed distribution. also, we obtain a new distribution by transformation onexp-kumaraswamy distribution.   new distribution is an...

Are individual preferences for skewness fixed or fungible? Using preference reversals as a case study, we find evidence that preferences remained stable as reversals disappear due to arbitrage across both market-like and non-market contexts. Todd L. Cherry, Sara Gunnarsson, & Jason F. Shogren (2003) "Are Preferences for Skewness fixed or Fungible" Economic Letters Volume 80 Issue 1 pp.113-121 [...

This paper examines the relationship between realized daily skewness and future stock returns and investigates the impact of information releases on that relationship. We find that there exists a negative relationship between realized daily skewness and subsequent stock returns when there is no high-impact information release, but that the relationship becomes positive if the realized skewness ...

Cloud computing allows business customers to scale up and down their resource usage based on their needs. Many of the touted gains in the cloud model come from resource multiplexing through virtualization technology. In this paper, a system that uses virtualization technology to allocate data center resources dynamically based on application demands and support green computing by optimizing the...

Although the GARCH model has been quite successful in capturing important empirical aspects of financial data, particularly for the symmetric effects of volatility, it has had far less success in capturing the effects of extreme observations, outliers and skewness in returns. This paper examines the GARCH model under various non-normal error distributions in order to evaluate skewness and lepto...

This paper has two-fold contribution. First, normality of the crop yield residuals are examined using panel statistical procedures accounting for trend, autocorrelation and heteroskedasticity. Second, to evaluate the importance of accounting for spatial and temporal variation on the normality of crop yield residuals, the changes in the skewness, kurtosis and D’Agostino-Pearson 2 (K ) omnibus no...

Risk preferences are generally measured with utility functions, which are subjective and usually restrict market agents to be risk averse. The current study investigates investors' preferences toward risk from the index price movement perspective. In a risk neutral market, future prices will increase or decrease with the same probability. However, if the market representative-agents are risk av...

This paper proposes measures of systematic skewness and systematic kurtosis as symmetric measures of risk by extending the work of Kraus and Litzenberg (1976). We examine an asset pricing model that incorporates systematic skewness and systematic kurtosis to test the cross section of asset returns within the context of the Fama and MacBeth (1973) two-pass estimation methodology. However, this e...