ambiguity and managerial cognition shape distributions of project time and cost, and fractal characteristics in energy markets …

longer period. The primary goal of this thesis is the incorporation of model ambiguity for pricing these contracts. Moreover … model ambiguity. First of all, we study the theoretical properties of the distortion principle for insurance pricing. We … find closed-form solutions for the optimal distortion premium under model ambiguity using Wasserstein distances. In various …