Risk diversification is the basis of insurance and investment. It is thus crucial to study the effects that could limit … it. One of them is the existence of systemic risk that affects all of the policies at the same time. We introduce here a … probabilistic approach to examine the consequences of its presence on the risk loading of the premium of a portfolio of insurance …

underappreciated but important variety of risk. The book presents a course in the econometric theory of individual risk illustrated by … Econometrics of Individual Risk is the first book to provide a complete econometric methodology for quantifying and managing this … empirical examples. And, unlike other texts, it is focused entirely on solving the actual individual risk problems businesses …

Estimation Theory for Generalized Linear Models -- New Distorsion Risk Measure Based on Bimodal Distributions -- Stress … Testing Engineering: Risk Vs Incident -- The Skin In The Game Heuristic for Protection Against Tail Events -- The Fragility …This book provides a perspective on a number of approaches to financial modelling and risk management. It examines both …

risk. After a brief overview of efficient risk sharing, we discuss the channels by which households pool risk and the … motives for entering in binding informal arrangements. Informal risk sharing arrangements are often thought to be enforced via … risk sharing arrangements, either as partially overlapping networks or as risk sharing groups. We find that both types of …

contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the …