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riskiness to continuous random variables. For many continuous random variables, the risk measure is equal to the worst-case risk … measure, i.e. the maximal possible loss incurred by that gamble. We also extend the Foster-Hart risk measure to dynamic …
Persistent link: https://www.econbiz.de/10010342818
probability distributions defines a novel template for equilibria under uncertainty and, more specifically, equilibria under risk … risk averse and optimize their actions under uncertainty …We investigate risk averse agents who manage risk by trading financial securities in a market that we call a risk …
Persistent link: https://www.econbiz.de/10013121852
This paper is devoted to risk management and risk measurement methods. The author considers methods of risk measurement … and proposes the Inte- gral Sum of Differential Weighted Indexes of Risks (or ISDWIR) method of risk measurement. The … method is based on dynamic enterprise risk matri- ces. The matrix describes the changes of corporate risk values over the …
Persistent link: https://www.econbiz.de/10010385650
although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. … surge in the stock market would be self-correcting. Recent papers have discussed the role of "uncertainty" and its …
Persistent link: https://www.econbiz.de/10011543578
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, the analyzed cryptocurrencies’ returns exhibited similar patterns of uncertainty and risk. Levels of uncertainty were … close to the maximum values, but high uncertainty is not always associated with high risk. During the pandemic crisis …, uncertainty increased while risk decreased, suggesting that the considered assets may have safe haven properties. …
Persistent link: https://www.econbiz.de/10013475240
-Balaton 2023 European Capital of Culture region (VEB 2023 region). The study aims to adapt the PwC Risk Management Model and … festival organizers have faced unprecedented challenges and risks (detect), how they survived in complete uncertainty (protect …), what lessons they learned, and what risk management decisions they made as a challenge of the pandemic period from a …
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