With a focus on risk, classical portfolio theory assumes that probabilities of future outcomes are known. In reality …

-Variance Portfolio (MVP) theory provides a consistent framework to valuate financial risks in power generation portfolios that allows to … peak-load pricing and MVP theory to derive optimal portfolios consisting of an arbitrary number of plant technologies given …

‐Variance Portfolio (MVP) theory provides a consistent framework to valuate financial risks in power generation portfolios that allows to …‐load pricing and MVP theory to derive optimal portfolios consisting of an arbitrary number of plant technologies given uncertain …

under ambiguity, called Shadow probability theory, a generalization of the Choquet expected utility. In this model … space. Risk and risk attitude, on the other hand, apply to the subordinated space, as in classical expected utility theory … result, which implies that full diversification is not always optimal, challenges the common notion in the financial …

number of risks, the total risk margin is often reduced to reflect "diversification benefits." How large should the … diversification benefit be? And how should the benefit be allocated to the individual risks?. We propose a simple statistical solution …

examine preferences for international diversification versus domestic diversification from American investors’ viewpoints. Our … PO results imply that the domestic diversification strategy dominates the international diversification strategy at a …

, we do not observe a similar pattern for country indexes. Thus, cross-industry diversification is superior to cross …-country diversification. The international diversification potential of industries does not vanish during volatile periods. Subsample analyses …