look at the problem of calibrating financial models, measuring the model uncertainty of a claim and choosing an optimal … hedging strategy. Throughout the study, the local volatility model is used as a working example to clarify the proposed … uncertainty. Using the framework for market risk measures we propose axioms for new classes of model uncertainty measures. Similar …

policies are most appropriate for society now, given alternative visions of the future and the enormous uncertainty about the … uncertainty about the nature of the world, its carrying capacity for humans, the impacts of climate change, and other aspects of … parameter uncertainty in models). Application of this vision/uncertainty analysis can help us both to design the future society …

price information and the low uncertainty of the commodity basis. We adopt a model-based approach to estimate the density …

(TWOSP) decision model is formulated using these random parameter values. This model computes currency hedging strategies …

resultierende Faktor-Hedging von Barrier Optionen gerichtet. … volatility dynamics and resulting factor hedging of barrier options. …