Can luck predict risk-taking behavior in games of chance? Economists have not widely studied this issue although … good and bad luck outcomes in a simple repeated risky investment game affect risk-taking behavior in the following rounds … demonstrate a strong impact of luck on risk-taking behavior that lasts not only to the next round but also into another two follow …

assumptions alone in measuring risk. Cushioning against risk has always created a plethora of complexities and challenges; hence …, this paper attempts to analyse statistical properties of various risk measures in a not normal distribution and provide a … financial blueprint on how to manage risk. It is assumed that using old assumptions of normality alone in a distribution is not …

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 …