We discuss when and why custom multi-factor risk models are warranted and give source code for computing some risk … factors. Pension/mutual funds do not require customization but standardization. However, using standardized risk models in … quant trading with much shorter holding horizons is suboptimal: 1) longer horizon risk factors (value, growth, etc …

and on the literature of imperfectly divisible consumption to argue that the general purpose of insurance is not a risk … transfer, but meeting a conditional need. In this way, insurance aligns the risk in one's ftnancial endowment with the risk in …

The objective of this paper is to pursue an intuitive idea: for a consumer who represents an "unfavorable" health risk … but an "excellent risk" as a driver, a multi-peril policy could be associated with a reduced selection effort on the part … of the insurer. If this intuition should be confirmed, it will serve to address the decade-long concern with risk …