ambiguity in the risk that a drug is ineffective and the risk that a drug is unsafe. These deviations from ambiguity neutrality …

I conduct an experiment with senior executives (CEOs, CFOs, controllers) to examine how their risk disclosure quality … disclosure regime mandates risk mitigation disclosures that explain how a risk is handled; and third, whether the risk under … consideration for disclosure is weakly or strongly mitigated. This research question is important because high-quality risk …

Mixed exponential distributions are frequently used in actuarial risk modeling. Distributions obtained through mixtures …

their insurance liabilities on a risk-adjusted basis to allow for uncertainty inherent in cash flows that arise from the … to calculating reserve risk margin - the risk adjustment method commonly agreed under Solvency II and IFRS 4 Phase II …, there is one additional requirement of IFRS to also disclose confidence level of the risk margin. Given there is no specific …

established by Ignatov and Kaishev (2000, 2004) and Ignatov et al. (2001) for a risk model allowing dependence. The numerical … risk model has intensified in recent years. More general ruin probability models assuming dependence between claim amounts … assumptions, is of utmost importance within the Solvency II framework of internal insolvency-risk model building …

modelling problems in insurance, finance, and other fields. Risk levels of a loss variable and its transforms are often measured … by risk measures. When only partial information on a loss variable is available, risk measures of the loss variable and …-case values of risk measures of a loss variable over an uncertainty set, describing all the possible distributions of the loss …

We define asset manager career risk as the risk that asset owners terminate an existing manager due to an extended … information ratio). We show that myopic loss aversion gives rise to career risk even for skilled asset managers and that current … industry practice of quarterly or annual performance evaluations puts even the most skilled asset managers at risk of undue …