Context-Dependent Risk Aversion: A Model-Based Approach

Time Dependent Relative Risk Aversion

Risk management and the thorough understanding of the relations between financial markets and the standard theory of macroeconomics have always been among the topics most addressed by researchers, both financial mathematicians and economists. This work aims at explaining investors’ behavior from a macroeconomic aspect (modeled by the investors’ pricing kernel and their relative risk aversion) u...

Conditional Sequence Model for Context-Based Recognition of Gaze Aversion

Eye gaze and gesture form key conversational grounding cues that are used extensively in face-to-face interaction among people. To accurately recognize visual feedback during interaction, people often use contextual knowledge from previous and current events to anticipate when feedback is most likely to occur. In this paper, we investigate how dialog context from an embodied conversational agen...

A possibilistic approach to risk aversion

Possibility theory was initiated by Zadeh in 1978 as an alternative to probability theory. Probability theory is not efficient in the study of those uncertainty situations in which phenomena occur with a small frequency. In such cases it is preferable to apply techniques offered by possibility theory.In foundation of possibility theory one started on a paralel line with probability theory. Rand...

A Model for Context-dependent Access Control for Web-based Services with Role-based Approach

Controlling access to resources is one of the most important protection goals for web-based services in practice. In general, access control requires identification of subjects that intend to use resources. Today, there are several identification mechanisms for subjects, providing different security levels. However, some of them are only suitable to be used in specific environments. In this pap...

Comparative Risk Aversion for State-Dependent Preferences