Narrative approaches to analyzing risks seek to identify the variables critical to creating and controlling a risk, then to instantiate them in terms of coherent themes (e.g., organizational failure, strategic surprise). Computational approaches to analyzing risks seek to identify the same...

Many different functional forms have been suggested for both the value function and probability weighting function of Cumulative Prospect Theory (Tversky and Kahneman, 1992). There are also many stochastic choice functions available. Since these three components only make predictions when...

People adjust to the risks presented by natural disasters in a number of ways; they can move out of harms way, they can self protect, or they can insure. This paper uses Hurricane Andrew, the largest U.S. natural disaster prior to Katrina, to evaluate how people and housing markets respond to a...