Does Hollywood make too many R-Rated Movies? Risk, Stochastic Dominance, and the Illusion of Expectation

A. De Vany and W. Walls

Working Papers from California Irvine - School of Social Sciences

Abstract: This paper estimates the probability distribution of budgets, revenues, returns and profits to G-, PG-, PG13-, and R-rated movies. The distributions are non-Gaussian and show a self-similar stable Paretian form with non-finite variance and non-stationary mean.

Keywords: FILM INDUSTRY; EXPECTATIONS; RISK; MATHEMATICS (search for similar items in EconPapers)
JEL-codes: C60 D81 D84 L82 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2000
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Citations: View citations in EconPapers (18)

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Journal Article: Does Hollywood Make Too Many R-Rated Movies? Risk, Stochastic Dominance, and the Illusion of Expectation (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:calirv:99-00-24

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