A countable stage, countable state, finite action decision problem is considered where the objective is the maximization of the expectation of an arbitrary utility function defined on the sequence of ...

Suppose we know the utility function of a risk averse decision maker who values a risky prospect X at a price C E. Based on this information alone I develop upper bounds for the tails of the ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Robert Kelly is managing director of ...