direction. This writing first improves upon a recently developed, and real-life-inspired, Behavioral Finance Risk Model …

The purpose of this research is the realistic forecast of volatility in frame of a risk parity class of strategies. The … custom rescaling of volatility – naïve risk parity - doesn't consider market inefficiencies which correspond to cyclical … as the instrument for realistic estimation of risk. The proposed model allows for modifying a rule for volatility …

the objectives of the 2030 Agenda (the UN’s SDGs). It is intended to be used as a platform for discussion between risk … management practitioners in the financial industry and the regulator, to mitigate regulation risk. In its 2018 report, the High … the regulation itself. There would be a risk created by the regulation, a regulation risk.In this paper, it is argued that …

contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the …

Reputational risk has become a critical concern for most organizations. Insurers, who rely on trust to generate … expectations, which we test using a rich data set on operational loss risk events. Results indicate that passage of the Sarbanes … significantly related to reputational risk. In some samples, Tobin's Q, the level of competition, and the discount rate also were …

reduction (self-protection) so that correlation becomes endogenous. If prevention concerns only one risk, introducing a second … exogenous risk increases the level of prevention expenditures, even if correlation is negative. If prevention expenditures may … increased dependence increases aggregate prevention expenditures, but not necessarily prevention expenditures for each risk due …

Determinants of risk attitudes of individuals are of great interest in the growing area of behavioral economics that … purpose of this paper is to review the empirical literature on risk aversion (and risk behavior) with a particular focus on … insurance demand or consumption. Empirical research on risk aversion may be categorized into two main areas, i.e. 1) the …

Models (IAMs), which assumes no risk sharing across region, we introduce global risk sharing via a market for state … across regions. We estimate that such risk sharing scheme of climate risks could lead to welfare gains reducing the global … for considering risk sharing in IAMs, but also for potentially welfare increasing negotiations about sharing risks of …

or not to raise an arbitration case for a claim. It adds the ingredient of a regret theory approach for taking that … decision, if an amicable settlement amount is not agreed. Many other models that are based on decision trees, game theory, and … neural networks lack a regret theory approach. The inclusion of regret theory in this model may be adaptable to any other …

The Expected Shortfall (ES) is one of the most important regulatory risk measures in finance, insurance, and statistics …, which has recently been characterized via sets of axioms from perspectives of portfolio risk management and statistics … the special role of ES in insurance and actuarial science. To fill this gap, we study characterization of risk measures …