existing regulation. Using advanced econometric models and simulation techniques, the author is able to replicate different …

Risk: Is There a Unique Objective Measure? -- Expected Utility Theory -- Stochastic Dominance Decision Rules … Dominance Approach -- Non-Expected Utility and Stochastic Dominance -- Stochastic Dominance and Prospect Theory -- Multivariate …. The non-expected utility approach focuses on Regret Theory (RT) and mainly on prospect theory (PT) and its modified …

science that will be covered are: interest rate theory, fixed-income instruments, currency market, annuity and insurance …

prospect theory and its modified version, cumulative prospect theory. Each approach is discussed and compared. In addition … prospect theory and its modified version, cumulative prospect theory. These approaches are discussed and compared in this book … dominance rules and prospect theory, and establishes a new investment decision rule which combines the two and which we call …

Why Do We Simulate? -- Simulation Programming: Quick Start -- Examples -- Simulation Programming with VBASim -- Two … Views of Simulation -- Simulation Input -- Simulation Output -- Experiment Design and Analysis -- Simulation for Research …This graduate-level text covers modeling, programming and analysis of simulation experiments and provides a rigorous …

Inhaltsverzeichnis -- Einführung -- Erzeugung von Zufallsvariablen -- Ereignisorientierte Simulation -- Output Analyse …Das vorliegende Lehrbuch ist eine umfassende Einführung in die Simulation stochastischer Systeme. Auf 400 Seiten wird …

advanced economic settings or to price derivatives on corporate securities. Numerical examples make the theory easily …

-- Simulation Framework -- Conclusion … important to have a computationally fast model that can also be used in a scenario simulation framework. The well known Gaussian …