Concept

Risk aversion

Related publications (181)

Default And Systemic Risk In Equilibrium

We develop a finite horizon continuous time market model, where risk-averse investors maximize utility from terminal wealth by dynamically investing in a risk-free money market account, a stock, and a defaultable bond, whose prices are determined via equil ...

Wiley-Blackwell2015

Analysis of Ballast Transport in the Event of Overflowing of the Drainage System on High Speed Lines

Giovanni De Cesare, Tamara Ghilardi, Mona Jafarnejad Chaghooshi, Elena Battisacco

The transport of ballast caused by the overflowing of longitudinal drains is a prime example of the interactions between the railway track and its environment. In such conditions, water flowing from the platform, along with debris, may drag the ballast off ...

2015

Asset pricing with arbitrage activity

Julien Hugonnier

We study an economy populated by three groups of myopic agents: constrained agents subject to a portfolio constraint that limits their risk taking, unconstrained agents subject to a standard nonnegative wealth constraint, and arbitrageurs with access to a ...

Elsevier2015

Foldable and Self-Deployable Pocket Sized Quadrotor

Dario Floreano, Stefano Mintchev, Ludovic Daler, Géraud L'Eplattenier, Louis Lazare Saint-Raymond

Aerial robots provide valuable support in several high-risk scenarios thanks to their capability to quickly fly to locations dangerous or even inaccessible to humans. In order to fully benefit from these features, aerial robots should be easy to transport ...

2015

Scenarios for vulnerability: opportunities and constraints in the context of climate change and disaster risk

Claudia Rebeca Binder Signer

Most scientific assessments for climate change adaptation and risk reduction are based on scenarios for climatic change. Scenarios for socio-economic development, partic- ularly in terms of vulnerability and adaptive capacity, are largely lacking. This pap ...

Springer Verlag2015

Performance of Serum microRNAs-122,-192 and-21 as Biomarkers in Patients with Non-Alcoholic Steatohepatitis

Christian Hammer

Objectives Liver biopsies are the current gold standard in non-alcoholic steatohepatitis (NASH) diagnosis. Their invasive nature, however, still carries an increased risk for patients' health. The development of non-invasive diagnostic tools to differentia ...

Public Library of Science2015

Risk and Reward Preferences under Time Pressure

Anjali Devi Vanapilli Nursimulu

Financial decision making under time pressure, though ubiquitous, is poorly understood; classical and behavioral finance are silent about the time required for a decision to be made. In an experiment, calibrating allowable decision times to 1, 3, and 5 s, ...

Oxford Univ Press2014

The Endowment Effect

Andreas Fuster

The endowment effect is among the best known findings in behavioral economics and has been used as evidence for theories of reference-dependent preferences and loss aversion. However, a recent literature has questioned the robustness of the effect in the l ...

2014

Learning search polices from humans in a partially observable context

Aude Billard, Guillaume Pierre Luc De Chambrier

Decision making and planning for which the state information is only partially available is a problem faced by all forms of intelligent entities they being either virtual, synthetic or biological. The standard approach to mathematically solve such a decisi ...

2014

Robust Optimization for Strategic Energy Planning

Michel Bierlaire, François Maréchal, Stefano Moret

Long-term planning for energy systems is often based on deterministic economic optimization and forecasts of fuel prices. When fuel price evolution is underestimated, the consequence is a low penetration of renewables and more efficient technologies in fav ...

Transport and Mobility Laboratory2014

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