Dynamic Implied Risk Aversion Term Structure: An Empirical Analysis Based on Shanghai Stock Exchange 50 ETF Option

<table class="table-group" id="tab3"><tr><td><table class="table"><tr><td class="thead-hr" colspan="6"><hr/></td></tr><tr class="thead"><td class="align_left">Mean</td><td class="align_center">Max</td><td class="align_center">Min</td><td class="align_center">SD</td><td class="align_center">Skewness</td><td class="align_center">Kurtosis</td></tr><tr><td class="thead-hr" colspan="6"><hr/></td></tr><tr><td class="align_left">1.6395</td><td class="align_center">4.3178</td><td class="align_center">−0.1348</td><td class="align_center">1.3923</td><td class="align_center">0.5691</td><td class="align_center">1.8442</td></tr><tr class="table-tr"><td colspan="6"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>Basic statistical characteristics of implied risk aversion time series.</div>

Mathematical Problems in Engineering

tab3

Table 3

Table 3: Dynamic Implied Risk Aversion Term Structure: An Empirical Analysis Based on Shanghai Stock Exchange 50 ETF Option 