riskiness to continuous random variables. For many continuous random variables, the risk measure is equal to the worst-case risk … measure, i.e. the maximal possible loss incurred by that gamble. We also extend the Foster-Hart risk measure to dynamic …

probability distributions defines a novel template for equilibria under uncertainty and, more specifically, equilibria under risk … risk averse and optimize their actions under uncertainty …We investigate risk averse agents who manage risk by trading financial securities in a market that we call a risk …

, the analyzed cryptocurrencies’ returns exhibited similar patterns of uncertainty and risk. Levels of uncertainty were … close to the maximum values, but high uncertainty is not always associated with high risk. During the pandemic crisis …, uncertainty increased while risk decreased, suggesting that the considered assets may have safe haven properties. …