A Duality Between Utility Transforms and Probability Distortions
This paper presents a fundamental #mathematical duality linking utility transforms and #probability distortions, which are vital in...
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29 août 2023
Need for Artificial Intelligence (Ai) to Be Explainable in Banking and Finance
The essential role of #ai in #banking holds promise for efficiency, but faces challenges like the opaque "black box" issue, hindering...
3 août 2023
Regulation of (Generative) AI Requires Continuous Oversight
The submission suggests strategies for regulating #ai in #australia, including examining the rate of take-up of #automated...
28 juil. 2023
Bayesian and Classical Approaches to Structural Estimation of Risk Attitudes
This study examines interpersonal heterogeneity in #risk attitudes in #decisionmaking experiments. The use of #bayesian and classical...
21 juin 2023
Extending and Improving Current Frameworks for Risk Management and Decision-Making
The paper discusses the importance of #riskinformed #decisionmaking -and the use of #riskassessment to support decisions. It highlights...
26 janv. 2023
Bayesian Model Selection and Prior Calibration for Structural Models in Economic Experiments
"Bayesian estimates from experimental data can be influenced by highly diffuse or "uninformative" priors. This paper discusses how...
31 mars 2022
New Stochastic Orders and Monotone Comparative Statics of Changes in Risk under Risk Aversion
"We... apply two stochastic orders to some classic decision problems in economics and finance including a portfolio problem, two...
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