The name is absent



Incremental Risk Vulnerability1

Guenter Franke2 , Richard C. Stapleton 3 and Marti G Subrahmanyam 4

September 23, 2005

1 We are very much indebted to two unknown referees for their excellent comments. Section 3
has been added based on very detailed comments of one referee.

2Fakultat für Wirtschaftswissenschaften und Statistik, University of Konstanz, email:
[email protected]

3University     of Manchester and University of Melbourne, email

[email protected]

4Stern School of Business, New York University, email: [email protected]



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