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 ...

This paper deals with a scalar response conditioned by a functional random variable. The main goal is to estimate nonparametrically the quantiles of such a conditional distribution when the sample is ...

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 ...