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This article provides a model of order-submission strategy and price formation by analysing the optimal behaviour of risk-averse uninformed traders. According to our inference, the market dynamically adjusts the bid/ask at any moment to generate enough price improvement return in order to cover...

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An examination on the cost efficiency of the banking industry under multiple output prices' uncertainty

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Hedging for multi-period downside risk in the presence of jump dynamics and conditional heteroskedasticity

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Intertemporal elasticity of substitution and risk aversion : are they related empirically?

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The role of risk and risk-aversion in adoption of alternative marketing arrangements by the US farmers

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Parimutuel contests with strategic risk-sensitive bettors

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