In contrast to Robert Mundell‘s Optimum Currency Area theory and his recommendation of forming monetary union, the … disequilibria are skyrocketing and default risk premiums and tensions within the Euro area are rising, thus jeopardizing the …

traders face this sort of joint inference problem, the risk of selecting the wrong features can spill over and distort how … even if traders themselves are fully rational. Moreover, I show how modeling feature-selection risk leads to additional … predictions that are outside the scope of noise-trader risk. For instance, to discover pricing errors as quickly as possible, a …

effects of an additive and a multiplicative background risk separately on the optimal order quantity of a risk … risk with the use of the concept of the Mean-Variance vulnerability (Eichner [1]). Moreover, we introduce a multiplicative … background risk to the model and translate the multiplicative risk vulnerability introduced by Franke et al.[2] into Mean …