Reinforcement learning frames trading as a sequential decision-making problem, where an agent observes market conditions, ...

We price equity-linked life insurance with surrender guarantees and account for risk preferences in the form of risk-averse and loss-averse policyholders in continuous time. Risk-averse policyholders ...

“Investors unwinding the carry trade seek liquidity as much as safety,” said Chris Walker, G10 FX Strategist at UBS. “The liquidity premium associated with the Scandinavian currencies leads to capital ...

Often we confront risks: opportunities where we have some probability of gaining or losing something and have to decide whether or not to accept the opportunity. The simplest risks are financial. For ...

Most people don’t take big risks because they overthink, overanalyze, and get trapped into thinking small and taking minuscule actions. Imagine if you could break free of your caged mind and do the ...

Given the choice, most of us would rather avoid a loss than reap a reward. This can help us avoid making expensive mistakes, but it can also make us risk averse and prevent us from taking advantage of ...