. The latter involves decisions under ambiguity, decisions under risk, decisions after gaining experience and decisions …We assess the ability of different risk profiling measures to predict risk taking along a multi-stage decision process … after receiving outcome information on previous decisions. We find that in all decisions risk taking can be predicted by …

Investor behavior was shown to be considerably different when the risk-return tradeoff is presented by experience … investors are faced with multiple decisions over time and are consequently able to adjust the risk level they initially chose … new form of risk simulation in which wealth paths over time are presented rather than just final outcomes. After investors …

This paper addresses the question of optimal currency exposure for a risk-and-ambiguity-avers international investor. A … robust mean-variance model with smooth ambiguity preferences is used to derive the optimal currency exposure. In the … regression. Through the lens of these results, we demonstrate that our ambiguity-based model offers a new explanation of the home …

Downside-Beta Comovement and Upside-Beta Comovement is the main driving force for market level skewness. An indicator called … "Systematic Downside Risk" (SDR) is defined to characterize this asymmetry in the comovement of betas. This indicator negatively …

We consider dynamic sublinear expectations (i.e., time-consistent coherent risk measures) whose scenario sets consist …