{"created":"2021-03-01T07:02:00.287293+00:00","id":42154,"links":{},"metadata":{"_buckets":{"deposit":"5bdf299a-dae3-4088-a302-de2f5dae6221"},"_deposit":{"id":"42154","owners":[],"pid":{"revision_id":0,"type":"depid","value":"42154"},"status":"published"},"_oai":{"id":"oai:repository.dl.itc.u-tokyo.ac.jp:00042154","sets":["62:7433:7434","9:7435:7436"]},"item_8_biblio_info_7":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2010-05","bibliographicIssueDateType":"Issued"},"bibliographicVolumeNumber":"CIRJE-F-744","bibliographic_titles":[{"bibliographic_title":"Discussion paper series. CIRJE-F"}]}]},"item_8_description_13":{"attribute_name":"フォーマット","attribute_value_mlt":[{"subitem_description":"application/pdf","subitem_description_type":"Other"}]},"item_8_description_5":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_description":"This paper examines investor preferences for oil spot and futures based on mean-variance (MV) and stochastic dominance (SD). The mean-variance criterion cannot distinct the preferences of spot and market whereas SD tests leads to the conclusion that spot dominates futures in the downside risk while futures dominate spot in the upside profit. It is also found that risk-averse investors prefer investing in the spot index, whereas risk seekers are attracted to the futures index to maximize their expected utilities. In addition, the SD results suggest that there is no arbitrage opportunity between these two markets. Market efficiency and market rationality are likely to hold in the oil spot and futures markets","subitem_description_type":"Abstract"}]},"item_8_description_6":{"attribute_name":"内容記述","attribute_value_mlt":[{"subitem_description":"本文フィルはリンク先を参照のこと","subitem_description_type":"Other"}]},"item_8_publisher_20":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"日本経済国際共同センター"}]},"item_8_relation_25":{"attribute_name":"関係URI","attribute_value_mlt":[{"subitem_relation_type_id":{"subitem_relation_type_id_text":"http://www.cirje.e.u-tokyo.ac.jp/research/dp/2010/2010cf744ab.html","subitem_relation_type_select":"URI"}}]},"item_8_source_id_10":{"attribute_name":"書誌レコードID","attribute_value_mlt":[{"subitem_source_identifier":"AA11450569","subitem_source_identifier_type":"NCID"}]},"item_8_subject_15":{"attribute_name":"日本十進分類法","attribute_value_mlt":[{"subitem_subject":"335","subitem_subject_scheme":"NDC"}]},"item_8_text_21":{"attribute_name":"出版者別名","attribute_value_mlt":[{"subitem_text_value":"Center for International Research on the Japanese Economy"}]},"item_8_text_4":{"attribute_name":"著者所属","attribute_value_mlt":[{"subitem_text_value":"School of Social Sciences, Universiti Sains Malaysia"},{"subitem_text_value":"Erasmus School of Economics, Erasmus University Rotterdam"},{"subitem_text_value":"Tinbergen Institute, The Netherlands"},{"subitem_text_value":"Department of Economics and Finance, University of Canterbury, New Zealand"},{"subitem_text_value":"Department of Economics, Hong Kong Baptist University"}]},"item_access_right":{"attribute_name":"アクセス権","attribute_value_mlt":[{"subitem_access_right":"metadata only access","subitem_access_right_uri":"http://purl.org/coar/access_right/c_14cb"}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"Lean, Hooi Hooi"}],"nameIdentifiers":[{"nameIdentifier":"97019","nameIdentifierScheme":"WEKO"}]},{"creatorNames":[{"creatorName":"McAleer, Michael"}],"nameIdentifiers":[{"nameIdentifier":"97020","nameIdentifierScheme":"WEKO"}]},{"creatorNames":[{"creatorName":"Wong, Wing-Keung"}],"nameIdentifiers":[{"nameIdentifier":"97021","nameIdentifierScheme":"WEKO"}]}]},"item_keyword":{"attribute_name":"キーワード","attribute_value_mlt":[{"subitem_subject":"Stochastic dominance","subitem_subject_scheme":"Other"},{"subitem_subject":"risk averter","subitem_subject_scheme":"Other"},{"subitem_subject":"risk seeker","subitem_subject_scheme":"Other"},{"subitem_subject":"futures market","subitem_subject_scheme":"Other"},{"subitem_subject":"spot market","subitem_subject_scheme":"Other"},{"subitem_subject":"JEL classifications: C14, G12, G15.","subitem_subject_scheme":"Other"}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"eng"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"technical report","resourceuri":"http://purl.org/coar/resource_type/c_18gh"}]},"item_title":"Investor Preferences for Oil Spot and Futures Based on Mean-Variance and Stochastic Dominance","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"Investor Preferences for Oil Spot and Futures Based on Mean-Variance and Stochastic Dominance"}]},"item_type_id":"8","owner":"1","path":["7436","7434"],"pubdate":{"attribute_name":"公開日","attribute_value":"2013-05-31"},"publish_date":"2013-05-31","publish_status":"0","recid":"42154","relation_version_is_last":true,"title":["Investor Preferences for Oil Spot and Futures Based on Mean-Variance and Stochastic Dominance"],"weko_creator_id":"1","weko_shared_id":null},"updated":"2022-12-19T04:17:23.471161+00:00"}