We introduce a representation theory for risk operations on locally compact groups in a partition of unity on a topological manifold for Markowitz-Tversky-Kahneman (MTK) reference points. We identify (1) emph{risk torsion} induced by the flip rate for risk averse and risk seeking behaviour, and...

It is common to recognize that ideas, technology and information disseminate across the economy following some kind of diffusion pattern. Typically, the process of adopting a new piece of knowledge will be translated into an s-shaped trajectory for the adoption rate. This type of process of...