to do this is to look at thepolitics of other new social movements, especiallythose contesting mainstream notions of risk …

-to-implement procedure could be adequately used. For that purpose, the subjects' degree of risk aversion is compared across three payment …

assets with short-selling where there is risk and ambiguity. Agents have Bewley's incomplete preferences. As an inertia … risk adjusted sets of probabilities intersect. The more risk averse, the more ambiguity averse the agents, the more likely …

social welfare approach to discounting, we show how different public investments should be discounted depending on: the risk … on the return of the investment, the systematic risk on aggregate consumption, the distribution of gains and losses, and …

time upside and downside risks. This paper offers a comparative analysis of concept risk measures, we focus on quantile … based risk measure (ES and VaR), spectral risk measure and distortion risk measure. After introducing each measure, we … investigate their interest and limit. Knowing that quantile based risk measure cannot capture correctly the risk aversion of risk …

This article evaluates supervisory approaches to the measurement and capital treatment of the price risk of options … positions. The authors find that approximate value-at-risk rules tend to provide better estimates of potential losses than … simple strategy-based rules. The value-at-risk rules are particularly effective when they adjust for nonlinear changes in …

an individual’s consumption, savings and wealth. The risk of losing the job is shown to be a pertinent consideration when … household members make consumption and labour supply decisions. This work sheds light on how unemployment risk may affect the …

Consider a single-leg dynamic revenue management problem with fare classes controlled by capacity in a risk …-averse setting. The revenue management strategy aims at limiting the down-side risk, and in particular, value-at-risk. A value-at-risk … process and provide a computational method for computing policies, which optimise the value-at-risk for a given confidence …