Concept
Risk neutral preferences
Related publications (34)
Illiquidity and Higher Cumulants
Semyon Malamud, Alberto Mokak Teguia
We characterize the unique equilibrium in an economy populated by strategic CARA investors who trade multiple risky assets with arbitrarily distributed payoffs. We use our explicit solution to study the joint behavior of illiquidity of option contracts. Op ...
OXFORD UNIV PRESS INC2022Steps parameters of elderly patients hospitalised for an acute medical illness in a Swiss University Hospital: an observational pilot study
Anisoara Ionescu, Francesco Tommasini
BACKGROUND: Objective mobility goals for elderly hospitalised medical patients remain debated. We therefore studied steps parameters of elderly patients hospitalised for an acute illness, to determine goals for future interventional trials and medical prac ...
SMW supporting association2022How Did Europe's Press Cover Covid-19 Vaccination News? A Five-Country Analysis
Understanding how high-quality newspapers present and discuss major news plays a role towards tackling disinformation, as it contributes to the characterization of the full ecosystem in which information circulates. In this paper, we present an analysis of ...
New York2022Short-term debt and incentives for risk-taking
Erwan Morellec, Francesca Maria Zucchi
We challenge the view that short-term debt curbs moral hazard and demonstrate that, in a world with financing frictions and fair debt pricing, short-term debt generates incentives for risk-taking. To do so, we develop a model in which firms are financed wi ...
ELSEVIER SCIENCE SA2020Competitive Neural Layer-based Method to Identify People with High Risk for Diabetic Foot
Background and objective: To automatically identify patients with diabetes mellitus (DM) who have high risk of developing diabetic foot, via an unsupervised machine learning technique. Methods: We collected a new database containing 54 known risk factors f ...
2020Use of Different Enzymes in Biorefinery Systems
Biorefineries are renowned as an integrative concept that merges essential technologies between the economically feasible biogenic raw material and final products. There is an aggregating trend toward the use of easily available, cheap, and renewable bioma ...
Wiley2020Three Essays in Banking and Finance
This thesis develops three models that study the motivation of various agents to take on debt,
and the impact that excessive financial leverage can have on social welfare.
In the chapter "Short-term Bank Leverage and the Value of Liquid Reserves", the ince ...
EPFL2019Debt enforcement, investment, and risk taking across countries
We argue that the prospect of an imperfect enforcement of debt contracts in default reduces shareholder-debtholder conflicts and induces leveraged firms to invest more and take on less risk as they approach financial distress. To test these predictions, we ...
2017Electricity market operations under increasing uncertainty
Decision making in electricity markets under uncertainty has worldwide gained attention due to an increasing number of uncertain parameters associated to technology developments and market evolution. Hence, the market operator faces new challenges pertaini ...
EPFL2017A Robust Resolution of Newcomb's Paradox
Newcomb's problem is viewed as a dynamic game with an agent and a superior being as players. Depending on whether or not a risk-neutral agent's confidence in the superior being, as measured by a subjective probability assigned to the move order, exceeds a ...
2016