We extend the traditional decision analytic approach to calculation of the buying (selling) price of a lottery by allowing a risk averse (risk prone) decision maker to rebalance his financial portfolio in the course of determination of these prices. Building on the classical portfolio allocation...

Easy to compute exact maximum likelihood estimators (MLEs) for parameters of a stochastic bivariate Itô Susceptible-Infected-Recovered (SIR) model and for parameters of an extension that treats undercounting are presented here

Combining judgmental assessments using a classical probabilistic hierarchical model helps insure logical coherence of probability assessments by geologists of petroleum volumes in multiple, probabilistically dependent assessment units and allows easy study of how the predictive distribution of...