This paper studies risk management decisions for interdependent risk potentially causing catastrophic losses, against which agents typically self-protect (for example, natural catastrophes, cyber risks, pandemic risks). Our model reflects utility loss aversion and interdependent risk, a...

This dissertation consists of four essays exploring risk modeling and aggregation, with a particular focus on cyber risk in the insurance context. It aims to provide appropriate answers to research questions that arise from practical challenges on both the supply and demand sides of the...