PrefacePart 1: Background and Basic Analytics 1. Risk management and regulation2. Basic concepts and methods in risk management3. Financial derivatives and their pricing theory4. Insurance risk and credibility theoryPart 2: Advanced Data and Risk Analytics 5. Supervised and unsupervised...

"This book presents statistics and data science methods for risk analytics in quantitative finance and insurance. Part I covers the background, financial models, and data analytical methods for market risk, credit risk, and operational risk in financial instruments, as well as models of risk...

To date, the factors which lead to the very large home court advantage characteristic of the NBA have not yet been well isolated. This study analyzes the relationship between that home court advantage and the comparatively fewer days of rest between games that the NBA schedule imposes on...

A commonly used method for evaluating a hospital’s performance on an outcome is to compare the hospital’s observed outcome rate to the hospital’s expected outcome rate given its patient (case) mix and service. The process of calculating the hospital’s expected outcome rate given its...

This paper examines experiments on interdependent security prisoner's dilemma games with repeated play. By utilizing a Bayesian hierarchical model, we examine how subjects make investment decisions as a function of their previous experience and their treatment condition. Our main findings are...

We consider a method for extending instrumental variables methods in order to estimate the overall effect of a treatment or exposure. The approach is designed for settings in which the instrument influences both the treatment of interest and a secondary treatment also influenced by the primary...