Leib et al. (2024) examine how artificial intelligence (AI) generated advice affects dishonesty compared to equivalent human advice in a laboratory experiment. In their preferred empirical specification, the authors report that dishonesty-promoting advice increases dishonest behavior by...

When inter-arrival times between events follow an exponential distribution, this implies a Poisson frequency of events, as both models assume events occur independently and at a constant average rate. However, these assumptions are often violated in real-insurance applications. When the rate at...

Investigating how systemic risk originates and spreads across the financial system poses an inherently compositional question, i.e., a question concerning the joint distribution of relative risk share across several interdependent contributors. To address this question, we propose a weighted...

Logistic regression is widely used in complex data analysis. When predictors are at individual level and the response at aggregate level, logistic regression can be estimated using the Maximum Likelihood Estimation (MLE) method with the joint likelihood function formed by Poisson binomial...

This study evaluates the effectiveness of the Non-dominated Sorting Genetic Algorithm III (NSGA-III) in comparison to the traditional Mean-Variance optimization method for financial portfolio management. Leveraging a dataset of global financial assets, we applied both approaches to optimize...