choosing a solution is modeling the decision maker's attitude to risk. The expected utility theory was the first approach that … decisions under risk conditions is the cumulative prospect theory. This paper presents the development history of various …Choosing solutions under risk and uncertainty requires the consideration of several factors. One of the main factors in …

economic interactions, certain risks are associated with their implementation. Risk factors were given a particular priority … during the secondary and primary research, while determining the most relevant risk factors of investment project processes … in relation to the B2B market. The risk map for investment project processes was created in line with the relevant …

can grasp concepts from quantitative risk management. To this end, we enter a scholarly discussion with ChatGPT in the … courses on quantitative risk management, and address risk in general, risk measures, time series, extremes and dependence. As … a result, the non-technical aspects of risk (such as explanations of various types of financial risk, the driving …

One of the key components of financial risk management is risk measurement. This typically requires modeling … financial econometrics literature have developed several models based on Extreme Value Theory (EVT) to carry out these tasks …

obligations to policyholders and beneficiaries. The solvency capital requirement is a risk management tool essential for … level of risk. Our starting point is to use a hierarchical risk aggregation method which was initially based on two … reinsurance in reducing the insurance company's business risk and its effect on diversification. The results show that reinsurance …

portfolios to maximize returns and reduce risk differently in times of crisis, and a lack of diversification of raw materials is …

The objective of this paper is to analyse profitability and risk through the return on equity (ROE) measure of the open … decomposition structure is proposed, along with the detailed CARAMEL version. A static and risk (dynamic) decomposition deviation … positively influenced the ROE deviation. It turned out that earnings and asset quality enormously increase the risk of the …

We introduce a new coherent risk measure, the minimal-entropy risk measure, which is built on the minimal-entropy 𝜎 … studied, nor has it been analyzed as a traditional risk measure. We address this gap by clearly defining this new risk measure … and examining its fundamental properties. In addition, we revisit the entropic risk measure, typically expressed through …

This paper explores optimal consumption and investment strategies for agents facing mortality risk within a complete … financial market. Departing from traditional frameworks, we leverage state-dependent utility theory, discounted by the state … insurance companies to hedge the mortality risk of consumer pools, we introduce the concept of life insurance completeness …