Of course I didn’t judge that my utter ruin was very likely. I’d hardly have bought with a mortgage if I thought bankruptcy was a 50/50 coin toss. Not even at 95/5 odds. However I did see it was possible. Indeed Ifeltthis new risk entering the fringes of my sense of self, l...
Building from Pratt’s (1964) approximation that the risk premium for a small lottery is proportional to the Arrow-Pratt index of risk aversion, \( r(w)=-\frac{u\prime \prime (w)}{u\prime (w)} \), Gollier and Pratt (1996) show that the coefficient of local prudence, \( \rho (...
Journal of Marine Science and Engineering Article A Novel Framework of Real-Time Regional Collision Risk Prediction Based on the RNN Approach Dapei Liu, Xin Wang * , Yao Cai, Zihao Liu and Zheng-Jiang Liu College of Navigation, Dalian Maritime University, Dalian 116026, China; 18340878086@163....
International Journal of Geo-Information Article Spatio-Temporal Risk Assessment Process Modeling for Urban Hazard Events in Sensor Web Environment Wei Wang, Chuanbo Hu, Nengcheng Chen *, Changjiang Xiao and Shan Jia State Key Laboratory of Information Engineering in Surveying, Mapping and Remote ...
fluids Article Modeling the Link between Left Ventricular Flow and Thromboembolic Risk Using Lagrangian Coherent Structures Karen May-Newman *, Vi Vu and Brian Herold Bioengineering Program, Department of Mechanical Engineering, San Diego State University, San Diego, CA 92182-1323, USA; mailtovivu@...
Bernstein (1996) in his “remarkable story of risk” provides an entertaining summary of these three centuries of research on risk. We focus on the last 50 years, developed mostly under EUT. A key and simple property under EUT is that risk aversion is equivalent to the concavity of the uti...