with individual VaR delivers an optimal wealth assignment between risky and risk-free assets …

, financial institutions are in search of ways to incorporate clients’ loss aversion in their risk classifications. The most … critical obstacle appears to be the lack of a valid measurement method for loss aversion that can be straightforwardly … risk-profiling application of an established financial institution. In total, we elicit loss aversion for 1,040 employees …

Diese Dissertation besteht aus drei Aufsätzen, welche Themen aus dem Bereich Risiko-Beurteilung und Risiko …This thesis consists of three singled-authored essays which examine topics in risk assessment and risk management in … three distinct fields. The first essay, presented in chapter 1, analyzes the risk dynamics of hedge funds by introducing new …