Showing 1 - 10 of 42,346
Persistent link: https://www.econbiz.de/10010506836
We study Aumann and Serrano's (2008) risk index for sums of gambles that are not dependent. If the dependent parts are … similarly ordered, then the risk index of the sum is always larger than the minimum of the risk indices of the two gambles. For … negative dependence, the risk index of the sum is always smaller than the maximum. The above results agree with our intuitions …
Persistent link: https://www.econbiz.de/10010469296
are adapted to recurrent situations. We show that expected utility under perceived repeated risk can explain the common …-zero inflection points around which an individual is increasingly absolute risk averse. We argue that such inflection points may arise …
Persistent link: https://www.econbiz.de/10013120710
We study the stability of the no-arbitrage property under model uncertainty. We measure model uncertainty with the total variation distance of underlying probability distributions. We show that sufficiently small changes of the underlying probability distribution preserve the no-arbitrage...
Persistent link: https://www.econbiz.de/10012973797
-million-dollar research, investment and documentation of perceived e-commerce, cyber, IT, and electronic payment system risk. Hopefully, this … models is presented. Next, is a discussion of risk factors: credit cards; U.S. state money transmission laws; online and … fees and management time devoted to the discovery, examination and documentation of the perceived enterprise risk …
Persistent link: https://www.econbiz.de/10012974064
market risk as a liquidity provider in exchange for earning commissions on each trade. Here we analyze the risk profile of a …
Persistent link: https://www.econbiz.de/10013220350
citizens from risk entails significant costs. In a world of limited resources, we must spend our regulatory dollars responsibly … in order to do the most we can with the money we have. Given the infeasibility of creating a risk-free society, this … paper argues that a sensible cost-benefit, risk versus risk approach be taken in the design of U.S. regulatory oversight …
Persistent link: https://www.econbiz.de/10014066061
This study investigates the impact of economic policy uncertainty (EPU) on foreign remittances and whether it affects them symmetrically or asymmetrically. The ARDL model is employed to examine the short-run and long-run symmetric impact of EPU on foreign remittances, while the NARDL model is...
Persistent link: https://www.econbiz.de/10014500681
models such as the risk equalization model. Results: Since the neighborhood has no explicit ‘place’ in healthcare demand … neighborhood characteristics for the risk equalization model include the degree of urbanization, public and open space, resources … predictive variable in a healthcare risk equalization model, and it might be opportune to add more neighborhood characteristics. …
Persistent link: https://www.econbiz.de/10011982693
comparative data analysis. In this context, the first set of questions concerns the attempts to analyze risk parameters of housing …-construction sector with a risk analysis. The paper is organised into four further sections. In Section 2, we will analyze Turkish housing …/financial risk analysis of the Turkish mortgage market. Finally, section 4 concludes the paper …
Persistent link: https://www.econbiz.de/10013084018