in time. We show that in each problem, all risk-averse decision makers have the same (problem-dependent) ranking over … short-term risky assets. Moreover, in each problem, the ranking is represented by the same risk index as in the case of CARA …

This study examined how uncertainty and global risk affect financial markets in emerging economies, focusing on foreign …, global risk, and market instability, offering insights for managing risks in opaque markets and improving financial stability. …

framework is model-free and allows for stresses on the output such as (a) the mean and variance, (b) any distortion risk measure … including the Value-at-Risk and Expected-Shortfall, and (c) expected utility type constraints, thus making the reverse … sensitivity analysis framework suitable for risk models. …

, by incorporating the conditional value at risk (CVaR), the risk induced by uncertain demand is explicitly considered. The …

, which encompasses issues such as risk sharing and principal-agent dilemmas. Regret utility is set so that its risk aversion … shows common utility's prudence (i.e., downside risk aversion). This paper reveals, both qualitatively and quantitively and … performed in which people were asked risk preference or averseness questions, and their risk averseness was calculated by using …