robust model for small amounts of uncertainty and analyze the effect of robustness on optimal trading strategies and … liquidation costs. In particular, in our model ambiguity aversion is observationally equivalent to increased risk aversion. This …

We introduce a novel simulation-based network approach, which provides full-edged distributions of potential interbank … that time in general resilient to the default of large banks, i.e. did not exhibit substantial contagion risk. Even though …

to estimate Growth at Risk as introduced in Adrian, Boyarchenko, and Giannone's (2019) seminal paper "Vulnerable Growth …

In line with the fallacy of riskification of uncertainty by which decision makers believe that the effects of … organizational inefficiency in dealing with uncertainty shocks—exogenous hazards whose welfare effects spread across industries and … markets, such as natural disasters, terrorist attacks, and financial crises—as a problem of risk management. This is …

We review and extend the economic analysis of risk and uncertainty as it relates to behavior mitigating health shocks … for risk-sharing in health by pooling the health care spending risk. In a sense, medical innovation involves a current …