components used in asset pricing, namely the risk physical and neutral measures and the relative pricing kernel.The analysis is … utility of terminal wealth, we prove the existence of an information premium between what is required by the theory, a … interconnection between the pricing kernel and its densities, the extension to the risk-neutral measure follows naturally …

robust with respect to these errors.We apply the robust counterpart theory of Ben-Tal and Nemirovsky to the most frequently …

The actions that individuals take to minimize the impact of risk generally involve cost. Thus, the actions that provide … affects risk exposure and signals quality, individual objectives are difficult to disentangle. In this paper we use an … individuals' choices in risky situations are likely to have both direct (risk alleviation) and indirect (signaling) aspects …