-free and are relevant to many fields encountering catastrophic risk analysis, such as, perhaps most noticeably, insurance and … risk management. …

Neumann-Morgenstern expected utility functions using cooperative game theory. The social network literature studies various … ordinary risk . We show that this leads to a class of centrality measures that is fully determined by the degrees (i.e. the …

-As-You-Go (PAYG) social security, and the mix ofPAYG and savings for retirement provision in a small open economy. It shows that … above the expected growth rate of the economy and when thegovernment has a lifetime perspective of the risk exposure. The … paper also provides acondition for partial displacement of savings by the PAYG, which is in line with vastempirical evidence. …

framework demonstrates that incorporating descriptively-valid theories of risk in a principal-agent setting leads to incentive …

estimate of risk aversion ? and the time preference discount rate ? perindividual. This can be done because the consumption of …

In this paper, we connect the social network theory on centrality measures to the economic theory of preferences and … links with its neighbours. A crucial property of a preference relation over network positions is neutrality to ordinary risk … is neutral to ordinary risk. Similarly, we characterize a class of affine combinations of the outdegree and indegree …