Probabilistic Outcomes Are Valued Less in Expectation, Even Conditional on Their Realization. Published:11/10/2024 11/10/2024 . Most theories of decision making under risk assume that payoffs and ...

Others are investigating whether the approach can be used to fill in missing values – for example, in incomplete time series, such as the prices of illiquid securities. The information from the ...

Employing a loss distribution approach, we derive the analytical/explicit forms of the Laplace transform of the distribution of aggregate operational losses. The value-at-risk (VaR) and tail ...