This note investigates a set of dynamic versions of the level-k (LK) and cognitive hierarchy (CH) models in repeated normal-form games. Conventional LK and CH models assume a reasoning process that does not allow learning. This can be a restrictive assumption: When facing a repeated game,...

This paper considers the robust equilibrium reinsurance and investment strategies for an ambiguity-averse insurer under a dynamic mean-variance criterion. The insurer is allowed to purchase excess-of-loss reinsurance and invest in a financial market consisting of a risk-free asset and a credit...

In this paper, we consider the optimal investment and contribution adjustment problem for a multi-cohorts DB pension plan in an environment with parameter uncertainty. Preferences towards risk and ambiguity are modeled using the smooth ambiguity approach. Since the pension trustee is ambiguous...