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A Robust Approach to Risk Aversion
Bommier, Antoine; Grand, Francois Le - Department of Management, Technology and Economics …
Sargent (1995) in their robustness analysis is the only one that fulfills these properties. The paper therefore suggests a …
Persistent link: https://www.econbiz.de/10011161405
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How big is too big? Critical Shocks for Systemic Failure Cascades
Tessone, Claudio J.; Garas, Antonios; Guerra, Beniamino; … - Department of Management, Technology and Economics …
External or internal shocks may lead to the collapse of a system consisting of many agents. If the shock hits only one agent initially and causes it to fail, this can induce a cascade of failures among neighoring agents. Several critical constellations determine whether this cascade remains...
Persistent link: https://www.econbiz.de/10010569305
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How to make a fragile network robust and vice versa
Moreira, Andre A.; Jose S. Andrade Jr.; Herrmann, Hans J.; … - Department of Management, Technology and Economics …
$. As a consequence, network robustness or fragility can be controlled through fine tuning of the topological bias in the …
Persistent link: https://www.econbiz.de/10008496688