I examine a Knightian (1921) model of risk using a general equilibrium model of investment and trade. A population of … a whole behaves as if all agents were risk neutral …

symbolic features of ordering. This paper examines the relationship between these features in a context where risk and risk … explosion of risk-focused technologies present for minimizing our reliance on punishment as a technology for governing security …? Our contention is that the mentality of risk has promoted the exploration of alternative technologies that call into …

-temporal capital transfer. Expected utility is used to evaluate the utility, and a risk-neutral measure is essential for determining … the risk sharing rules. It can be shown that in the model setting there always exists a unique risk sharing rule that is …

, we focus on machine learning algorithms used to forecast risk, such as those employed by judges to anticipate a convicted … review a variety of conceptual, technical, and practical features common to risk algorithms and offer suggestions for how …

be risk averse, (ii) the bidders can have heterogeneous risk preferences, and (iii) the auction can have a binding … reserve price. Our analysis reveals that the premium has an intricate joint effect on risk sharing and expected revenue, which … in general benefits risk averse bidders. When the seller is more risk averse than the pivotal bidder - a condition often …