We investigate risk averse agents who manage risk by trading financial securities in a market that we call a risk … market. We assume this market is perfectly competitive and complete. When risk aversion is expressed using risk measures, the … probability distributions defines a novel template for equilibria under uncertainty and, more specifically, equilibria under risk …

Financial volatility risk is addressed through a multiple round evolutionary quantum game equilibrium leading to … Multifractal Self-Organized Criticality (MSOC) in the financial returns and in the risk dynamics. The model is simulated and the …

the risk loading of the premium required for the risk decreases tending to zero. This is true as long as the risks are … completely independent. However, when introducing in addition a biased die played by a crooked croupier, a non-diversifiable risk … study analytically three cases of introducing the non-diversifiable risk. For each of them, the behavior of the risk loading …