The opposition in a number of countries to the inclusion of nuclear energy in a sustainable energy portfolio, in part due to the dread of what the “nuclear” word inspires, has limited quantitative scientific foundation of the real benefits and risks. This has been amplified by the lack of a...

Preface -- Setting the landscape -- Examples of risk information concealment practice -- Causes of risk information concealment -- Major on-going cases with information concealment practice -- Successful risk information management.

This paper addresses the statistical properties of time series driven by rational bubbles a la Blanchard and Watson (1982). Using insights on the behavior of multiplicative stochastic processes, we demonstrate that the tails of the unconditional distribution emerging from such bubble processes...

We present a novel methodology to determine the fundamental value of firms in the social-networking sector, motivated by recent realized IPOs and by reports that suggest sky-high valuations of firms such as Facebook, Groupon, LinkedIn Corp., Pandora Media Inc, Twitter, Zynga. Our valuation of...

The rise of crypto currencies, notably bitcoin, has fueled new and old debates about money. We discuss attempts to complement or replace fiat money by ‘stablecoins'. In a first step, we review today‘s endogenous and debt-backed money. Second, we analyse attempts to use stablecoins in order...

We present strong evidence that financial bubbles can be identified ex-ante and that a sharp price increase, when suitably qualified by a bubble indicator called LPPLS confidence, does on average predict unusually low returns going forward. For this, we use a methodology called log-periodic...