On the basis of a real high stakes insurance experiment with small probabilities of losses, we demonstrate that concern … coverage, a result we are able to replicate. In our experiment, belonging to either the group of "threshold persons" or to …

academic research articles one should know in risk measurement and management. Through his central position in financial … Diebold's fascinating compilation summarizes the history of risk management research, focussing on research prior to the … involved in risk management, both in academia and in industry.'--Andrew Lo, MIT Sloan Management, US. This authoritative volume …

This paper presents a general theory that works out the relation between coherent risk measures, valuation bounds, and … preferences, in the way many coherent risk measures are somewhat generic. -- coherent risk rneasures ; valuation bounds …

We introduce the notion of a convex measure of risk, an extension of the concept of a coherent risk measure defined in … the underlying space of scenarios. As a case study, we consider convex measures of risk defined in terms of a robust not … ion of bounded shortfall risk. In the context of a financial market model, it turns out that the representation theorem is …

Investments in competitive electricity markets : an overview / François Lévêque -- Investment and generation capacity … transmission investment in a deregulated power / Steven Stoft -- Patterns of transmission investments / Paul Joskow -- Long …-term locational prices and investment incentives in the transmission of electricity / Yves Smeers -- Compatibility of investment …

in the two countries and in (ii) the interaction of investment and financing decisions. This paper investigates the … impact of financing, investment, and dividend decisions on the value of stock corporations in Germany and the US. The … investment creates value in excess of cost, but the US industrial sector seems to be more efficient in making value …