. Optimal consumption and risk management strategies are derived. It is shown that dynamic hedging increases an investor … can enter risk-sharing markets, such as futures markets, to manage these risks. We develop a dynamic risk management model …Our study examines the behavior of a risk-averse investor who faces two sources of uncertainty: a random asset price …

Within the prospect theory the paper examines production and hedging decisions of a competitive firm under price …

. For example, the nature of monotonicity of the indifference curve depends on the underlying mean. Price hedging decisions … hedging decisions within the prospect theory. We illustrate our general considerations with a thoroughly worked out example …. -- Prospect theory ; mean-variance model ; indifference curve ; price uncertainty ; hedging …

access to a number of risk sharingmarkets that have an efficient risk management role. Two of the most strikingresults … achieved from the existence of risk sharing markets are the separationtheorem and the and full-hedging theorem. This note … examines the optimalproduction for exports and hedging decisions of a risk-averse rm facing bothhedgeable exchange rate risk …