Paolacci, Gabriele; André, Quentin. Probabilistic Outcomes Are Valued Less in Expectation, Even Conditional on Their Realization. Management Science. Nov2024, Vol. 70 Issue 11, p7524-7536. Most ...

Risk management and capital allocation remain central to actuarial science, serving as vital tools in quantifying uncertainty and mitigating potential losses. The field has evolved from traditional ...