Premiums for Contingent Assurances

Software Engineering for Self-Adaptive Systems: Assurances

The important concern for modern software systems is to become more cost-effective, while being versatile, flexible, resilient, dependable, energy-efficient, customisable, configurable and self-optimising when reacting to run-time changes that may occur within the system itself, its environment or requirements. One of the most promising approaches to achieving such properties is to equip softwa...

Technical Enforcement of Informational Assurances

Dealing with informational assurances we have to consider the full complexity of the information society. In a norrower sense informational assurances comprise informational rights, the related legal and social rules as well as the enforcing technical mechanisms. The right of privacy, understood as informational self-determination, is taken as an important example. Starting from a discussion of...

Perpetual Assurances for Self-Adaptive Systems

Providing assurances for self-adaptive systems is challenging. A primary underlying problem is uncertainty that may stem from a variety of different sources, ranging from incomplete knowledge to sensor noise and uncertain behavior of humans in the loop. Providing assurances that the self-adaptive system complies with its requirements calls for an enduring process spanning the whole lifetime of ...

Assurances of Objectivity

Risk Premiums versus Waiting-Options Premiums: A Simple Numerical Example

This paper investigates how interest rates on liquid assets and excess returns on risky assets are determined when only safe assets can be used as liquid assets when waiting for an informative signal of future payoffs. In particular, we carefully differentiate between a demand for liquid assets while waiting for new information and a demand for safe assets for precautionary reasons. Employing K...