economic scenarios, assign probabilities to them, translate the scenarios into expected asset class returns, and select the … sequential outcomes. They define prospective scenarios, not as average values of economic variables, but as paths for these …

, each with its appropriate mechanism and background theory. The first one “Acting In” structures organizational practices in … recognized sustainability leaders from five different industries through a “Benchmarks Practices Bank”. The third scope “Acting …

In standard portfolio theories such as Mean-Variance optimization, Expected Utility Theory, Rank Dependent Utility … Theory, Yaari's Dual Theory and Cumulative Prospect Theory, the worst outcomes for optimal strategies occur when the market … corresponding to a stressed financial market. We provide a framework that maintains the stylized features of the SP/A theory while …

We derive no-arbitrage bounds for expected excess returns to generate scenarios used in financial optimization. The … for a given covariance matrix using the least possible number of scenarios. The same setting is also used in an algorithm … to generate discrete scenarios and trees. Numerical results from solving two-stage asset allocation problems indicate …