Optimism bias and its impact on cyber risk management decisions
2025
This study explores how optimism bias influences decision-making in cyber risk management by developing a novel model that reflects utility loss aversion, a factor previously unexplored in this context....
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Infinite-mean models in risk management: Discussions and recent advances
2025
In statistical analysis, many classic results require the assumption that models have finite mean or variance, including the most standard versions of the laws of large numbers and the central limit...
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High price impact trade identification and its implication for volatility and price efficiency
2025
We include limit order book (LOB) matchedness as a new trade attribute to identify high price impact trades (HPITs). HPITs are trades associated with large price changes relative to their volume proportion....
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China-U.S. relation and the future of financial industry: An interview with Evan G. Greenberg
Available online 14 November 2024
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Equal Compensations Under Actuarially Fair Contributions In Endowment Contingency Funds
Available online 13 November 2024
This paper considers risk-sharing schemes, aiming to demonstrate that it is possible to enforce equal compensations by charging actuarially fair contributions. Specifically, consider a group of individuals...
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Artificial Intelligence and Uncertainty
Available online 13 November 2024
Artificial Intelligence has both capabilities and limitations in managing uncertainty, particularly in handling average cases versus extreme outliers. AI excels at analyzing large datasets and predicting...
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