{"product_id":"challenging-the-oldest-risk-on-earth-von-paul-gebhardt","title":"Challenging the Oldest Risk on Earth","description":"\u003cp\u003eThe main objective of this research is to price temperature-related  weather derivatves independent of location and payoff structure. We  use historical weather data to make distributional forecasts for 10  different weather locations in Germany. Error terms of our forecasts are  bootstraped from the empricial distribution to incorporate the non- normality of weather surprises. Explicit pricing dynamics of our model  are analysed, along with a discussion on indifference pricing.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783843391948\"\u003e\u003ch3\u003eA non-structural time-series approach to quantify weather risk\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783843391948","offer_id":39497120186461,"sku":"9783843391948","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/b844b8cb-be12-402e-8aff-03d9671a35f5.jpg?v=1773472616","url":"https:\/\/shop.autorenwelt.de\/en\/products\/challenging-the-oldest-risk-on-earth-von-paul-gebhardt","provider":"Autorenwelt Shop","version":"1.0","type":"link"}