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    Presenting a model to explain unfavorable risk and favorable risk according to psychological variables in predicting market fluctuations in the Iranian capital market. by Hasan Rezaeikangi, Mahdi Mohammad Bagheri, Hojat Babaei, Ali Raeispour Rajabali

    Published 2024-09-01
    “…In the new definitions and the indicators designed based on it, only adverse changes (observations that are less than a certain rate of return) are defined as risk (Yuanfang, 2023).   Favorable and unfavorable risk Optimal risk measures are based on the assumption that upward movements in returns and therefore upward volatility in expected or average returns are also considered risks. …”
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