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Risk and Decision Analysis - Volume 1, issue 3

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Price: EUR 100.00
ISSN 1569-7371 (P)
ISSN 1875-9173 (E)
The journal Risk and Decision Analysis (RDA) emphasizes a theoretical and practical interdisciplinary and comprehensive vision of Risk:  its definition, its measurements, its analysis, its manifestations and reconcile their contradictions and their differences.  RDA considers for publication research papers that contribute to a greater appreciation of risks and uncertainties in their many definitions, their modeling (mathematical or otherwise), their empirical and data analysis, their pricing and their management.  Application of risk modeling and decision analysis  to general and risk engineering, economic and financial systems, operational and networked systems in industry, in services, in control, regulatory and compliance systems etc. are emphasized.  For example, financial market risks, eco-risks and urban systems, insurance, energy, safety and security, healthcare, environment, and related areas are emphasized for the purpose to provide an integrative vision of risks and uncertainty how to confront their manifestations.  The intent of RDA is to provide to academic and practitioners, a platform to better integrate and interpret risks and their manifestations in a comprehensive manner.


RDA's focus is scientific, based on mathematical and systematic approaches to risk (statistics, probability theory, data science), Bayesian statistics and (automatic, machine) learning, stochastic modeling, stochastic and optimal control. At the same time it is “educational”, having set “an educational corner” to introduce and clarify complex risk related issues and problems. These problems include for example issues such as VIX and Fear; Risk and Uncertainty (ambiguity), the risks of “financialization”, environmental and extreme risks, managerial approaches, etc. Empirical analysis and data analytic approaches to assess and support theoretical results based on interesting methodologies is an important element of RDA’s mission.

Rare and uncommon risks and the financial meltdown

Authors: Tapiero, Charles S.

Article Type: Other

DOI: 10.3233/RDA-2009-0012

Citation: Risk and Decision Analysis, vol. 1, no. 3, pp. 141-144, 2009

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Some topics in fractional Brownian motion

Authors: Duncan, Tyrone E.

Article Type: Research Article

DOI: 10.3233/RDA-2009-0013

Citation: Risk and Decision Analysis, vol. 1, no. 3, pp. 145-153, 2009

Price: EUR 27.50

Power-law distributions: Beyond Paretian fractality

Authors: Eliazar, Iddo | Klafter, Joseph

Article Type: Research Article

Abstract: The notion of fractality, in the context of positive-valued probability distributions, is conventionally associated with the class of Paretian probability laws. In this research we show that the Paretian class is merely one out of six classes of probability laws – all equally entitled to be ordained fractal, all possessing a characteristic power-law structure, and all being the unique fixed points of renormalizations acting on the space of positive-valued probability distributions. These six fractal classes are further shown to be one-dimensional functional projections of underlying fractal Poisson processes governed by: (i) a common elemental power-law structure; and (ii) an intrinsic … Show more

Keywords: Paretian fractality, renormalization, Poisson processes, Poissonian fractality and renormalization, Fréchet, Weibull and Lévy stable distributions

DOI: 10.3233/RDA-2009-0014

Citation: Risk and Decision Analysis, vol. 1, no. 3, pp. 155-170, 2009

Price: EUR 27.50

Do all economies grow equally fast?

Authors: Dover, Yaniv | Moulet, Sonia | Solomon, Sorin | Yaari, Gur

Article Type: Research Article

Abstract: The stochastic spatially extended generalized Lotka–Volterra approach introduced in Economics: The Open-Access, Open-Assessment E-Journal (2009), http://www.economics-ejournal.org/economics/discussionpapers/2009-6, Applications of Simulation to Social Sciences, 2000, pp. 301–322 and The European Physical Journal B 62(4) (2008), 505–513, is extended to the study of interactions between economic sectors, countries and blocks. The theory predicts robustly in a very wide range of conditions systematic regularities in the growth rates evolution of various sub-systems. The J-curve phenomenon which was studied in Economics: The Open-Access, Open-Assessment E-Journal (2009), http://www.economics-ejournal.org/economics/discussionpapers/2009-6, is revisited and more empirical support is given to the theory. In particular to the connection between the … Show more

Keywords: Economic growth, growth alignment effect, growth convergence, growth clubs, J-curve

DOI: 10.3233/RDA-2009-0015

Citation: Risk and Decision Analysis, vol. 1, no. 3, pp. 171-185, 2009

Price: EUR 27.50

Prospect theory and fat tails

Authors: Maymin, Philip

Article Type: Research Article

Abstract: A behavioral representative investor who evaluates a single risky asset based on cumulative prospect theory will often induce high kurtosis, negative skewness, and persistent autocorrelation into the distribution of market returns even if the asset payoffs are merely a sequence of independent coin tosses. These findings continue to hold even when the investor is simply loss averse.

Keywords: Loss aversion, kurtosis, prospect theory, fat tails, behavioral

DOI: 10.3233/RDA-2009-0016

Citation: Risk and Decision Analysis, vol. 1, no. 3, pp. 187-195, 2009

Price: EUR 27.50
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