In classical multiarmed bandit problem, the aim is to find a policy maximizing expected total reward, implicitly assuming that decision-maker risk-neutral. On other hand, decision-makers are risk-averse in some real-life applications. this article, we design new setting based on concept of dynamic risk measures where with best risk-adjusted discounted outcome. We provide theoretical analysis pr...

Traditionally, the pricing of terrorism risk has been discovered from the balance of supply and demand in the insurance market, rather than evaluated from actuarial principles. Risk selection through the use of site security surveys has helped reduce the number of inferior risks, and systematic portfolio risk aggregation has limited the Probable Maximum Loss from any attack scenario. With such ...

This article discusses practices, opportunities and challenges in local eGovernment project management; the development towards eGovernment and “the 24/7 agency”. Analyzing a case against eGovernment success factors we find seven “critical issues”; political timing, resource allocation, political mandate, distinction between administrative and political responsibilities, coordination of departm...

The pace and severity of the current extinction crisis is unprecedented, and there is a large disparity between the scale of the problem and the available recourses with which to mitigate it. Prioritising conservation efforts is therefore critical. With the extinction of species, we lose not only taxonomic diversity but also the ecosystem services they provide and the evolutionary history repre...

The optimal deployment of reproductive resources by hermaphrodites to male versus female function (i.e., their sex allocation) depends directly on opportunities for mating. If hermaphrodites occur among females, selection should favor those with a male-biased allocation because increased male allocation enhances siring success when eggs are abundant. Similarly, when hermaphrodites co-occur with...