Search for: [Abstrakt = "The main goal of this paper is the analysis of dependence among stocks from the Polish stock market. The main hypothesis was formulated in the way\: the dependence among stocks on the Polish stock market is not only two\-dimensional, i.e. there is dependence between two stocks, but it is also three\-dimensional, i.e. there is dependence between three stocks. This three\-dimensional dependence one can analyze using multidimensional \(in this case three\-dimensional\) copula functions, which are presented in the first part of this paper. If this hypothesis is positively verified, the dependence among stocks on the Polish stock market is more complicated than the classical capital market models imply. The second part of the paper presents Farlie\-Gumbel\-Morgenstern \(FGM\) function used to verify this hypothesis. The analysis consists of two stages. The estimation of the coefficients of two\-dimensional FGM function for pairs of stocks was the first stage and the estimation of coefficients of three\-dimensional FGM function for threes of stocks was the second stage. The comparison of results of those estimations was a basis for the verification of research hypothesis presented in the last part of the paper."]
