Investors differ in how they approach risk, and these approaches influence their decision-making and portfolio strategies. Risk-neutral investors focus solely on the potential returns of an investment ...

The assessment of default risk is also critical in the valuation of corporate bonds and credit derivatives such as basket-default swaps. There is an important distinction between default risk under ...

Pathological behaviors toward drugs and food rewards have underlying commonalities. Risk-taking has a fourfold pattern varying as a function of probability and valence leading to the nonlinearity of ...