the present model takes into account his confidence in beliefs when evaluating general uncertain situations. From an … resulting representation uses only basic tools from risk analysis, but employs them recursively. The paper extends the concept … framework permits a threefold disentanglement of intertemporal substitutability, Arrow-Pratt risk aversion, and smooth ambiguity …

uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as … discounting under a disentanglement of risk aversion from aversion to intertemporal substitution. The paper characterizes the … relates different results in the literature by switching between different risk measures. It presents a parametric extension …

the present model takes into account his confidence in beliefs when evaluating general uncertain situations. From an … resulting representation uses only basic tools from risk analysis, but employs them recursively. The paper extends the concept … framework permits a threefold disentanglement of intertemporal substitutability, Arrow-Pratt risk aversion, and smooth ambiguity …

uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as … discounting under a disentanglement of risk aversion from aversion to intertemporal substitution. The paper characterizes the … relates different results in the literature by switching between different risk measures. It presents a parametric extension …

Systemic risk propagated through over-the-counter derivatives can best be managed by a public-private central … provide an effective policy instrument for controlling systemic risk. Moreover this structure, in contrast to current proposed …