In this paper we investigate how volatility shocks influence investors' perceptions about a stock's risk, its future … shocks to increase risk similarly, while students do not perceive upwardlytrending shocks to increase the riskiness of the …

the standard approach, the target firm's expected return and risk are modeled as a parametric curve in terms of a critical … business decision. A general condition is derived for characterizing how a risk-averse or risk-seeking agent may behave … differently from a risk-neutral decision maker. This general theorem is applied to solve several examples that demonstrate the …

high-risk investments. We build on these studies via an incentivized experiment, in which we examine how manipulated levels … high-risk gamblers. In comparison, highest-risk gamblers traded more frequently regardless of volatility levels. Many … perceived as low-risk, and less likely to be the target of gambling interventions …

the classical MV portfolio theory and the CAPM, is consistent with expected utility maximization for all risk …

relevance for energy risk management. In this article, we develop a tractable market impact model for electricity futures prices …

minimizing, locally risk minimizing, and variance minimizing strategies in tracking stock indices are investigated using both …

We consider dynamic sublinear expectations (i.e., time-consistent coherent risk measures) whose scenario sets consist …