Titlebook: Affective Decision Making Under Uncertainty; Risk, Ambiguity and Donald J. Brown Textbook 2020 The Editor(s) (if applicable) and The Autho

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0075-8442 ce that draw on the theory of Black Swans.Argues for a disti.This book is an exploration of the ubiquity of ambiguity in decision-making under uncertainty. It presents various essays on behavioral economics and behavioral finance that draw on the theory of Black Swans (Taleb 2010), which argues for

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https://doi.org/10.1007/978-3-663-14657-5ion of this paper is an approximation theorem for the equivalent NP-hard minimization problem. In this theorem, we derive explicit bounds, where the degree of approximation is determined by observable market data.

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https://doi.org/10.1007/978-3-658-06222-4y, stocks, bonds and ambiguous assets by choosing their optimal portfolio investments with (IR)rational expected utilities. Subsequently, investors can hedge future losses of their optimal portfolios by purchasing minimum-cost portfolio insurance.

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Building up a Theoretical Paradigm,olynomial time algorithm for computing an approximate solution to the dual Walrasian equilibrium inequalities, where the marginal utilities of income are uniformly bounded. We derive explicit bounds on the degree of approximation from observable market data. The second contribution is the derivation