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Intrinsic Uncertainty - An Explanation of the St. Petersburg Paradox
Bhattacharya, Rajeev R. - 2020
Consider any situation involving uncertainty, where the random variable of interest (e.g., payoff) is X. Let there exist a random variable, say Y, which represents the uncertainty intrinsic to the situation, and let there exist a function g such that X=g(Y). Our contention is that, once the...
Persistent link: https://www.econbiz.de/10012854222
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Evaluation of Conflict Hazard and Financial Risk in the E7 Economies’ Capital Markets
Hacıoğlu, Ümit - 2013
The purpose of this research is to examine the interaction between financial stress and conflict risk having impacts on financial instruments in capital markets within an interdisciplinary frame. The Fuzzy TOPSIS method is applied in order to analyze effects of conflict hazard on capital markets...
Persistent link: https://www.econbiz.de/10013079783
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Risk Measures Induced by Efficient Insurance Contracts
Wang, Qiuqi; Wang, Ruodu; Zitikis, Ricardas - 2021
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. Meanwhile, there is large literature on insurance...
Persistent link: https://www.econbiz.de/10013210827
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A Price Theory of Legal Bargaining : An Inquiry into the Selection of Settlement and Trial Under Uncertainty
Rhee, Robert J. - 2015
Conventional wisdom says that economic surplus is created when the cost of litigation is foregone in favor of settlement, a theory flowing from the Coase Theorem. The cost-benefit analysis weighs settlement against the expected value of litigation net of transaction cost. This calculus yields...
Persistent link: https://www.econbiz.de/10014027134
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Competition and bank stability
Goetz, Martin - 2016
Does an increase in competition increase or decrease bank stability? I exploit how the state-specific process of … significantly increases bank stability. This result is robust to the inclusion of additional fixed effects and other influences … loans and increases bank profitability. These findings suggest that competition increases stability as it improves bank …
Persistent link: https://www.econbiz.de/10011560206
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Multi-portfolio time consistency for set-valued convex and coherent risk measures
Feinstein, Zachary; Rudloff, Birgit - In: Finance and stochastics 19 (2015) 1, pp. 67-107
Persistent link: https://www.econbiz.de/10011417030
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A stability approach to mean-variance optimization
Kourtis, Apostolos - In: The financial review : the official publication of the … 50 (2015) 3, pp. 301-330
Persistent link: https://www.econbiz.de/10011338156
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An ecological economic assessment of risk-reducing effects of species diversity in managed grasslands
Finger, Robert; Buchmann, Nina - In: Ecological economics : the transdisciplinary journal of … 110 (2015), pp. 89-97
Persistent link: https://www.econbiz.de/10011346192
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Stability in mean for uncertain differential equation
Yao, Kai; Ke, Hua; Sheng, Yuhong - In: Fuzzy optimization and decision making : a journal of … 14 (2015) 3, pp. 365-379
Persistent link: https://www.econbiz.de/10011313612
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Competition and bank stability
Götz, Martin - 2016
Does an increase in competition increase or decrease bank stability? I exploit how the state-specific process of … significantly increases bank stability. This result is robust to the inclusion of additional fixed effects and other influences … loans and increases bank profitability. These findings suggest that competition increases stability as it improves bank …
Persistent link: https://www.econbiz.de/10011559788