Financial activities involve risk. Our stock or mutual fund holdings carry the risk of losing value due to market conditions. Even money invested in a bank carries a risk–that of the bank going bankrupt and never returning the money let alone some interest. While individuals generally just have to live with such risks, financial and other institutions can and very often must manage risk using s...

Aims. To evaluate 3 strategies to reduce weight in obese families. Research design and methods. 142 obese parents and 119 obese children kept a fat-calorie restriction diet. On top of this diet, the families were randomized in a three-factorial design to one or more of three weight-loss strategies: (1) an additional diet preferring carbohydrates having a low glycemic index (dual diet), (2) fina...

Recently the optimal reinsurance strategy concerning the insurer’s risk attitude and the reinsurance premium principle is an interesting topic. This paper discusses the optimal reinsurance problem with the insurer’s risk measured by distortion risk measure and the reinsurance premium calculated by a general principle including expected premium principle and Wang’s premium principle as its speci...

according to article 3 of civil responsibility law (tort law), it is necessary for the judge to determine the amounts of damages by considering the  circumstances of the case. one of the instances of  such circumstances which may have an impact on determination of the amount of damages, as mentioned in article 4(2) of tort law, is financial status of the person causing the loss. following the s...

A study was conducted to investigate honeybee colonies absconding from beehives and its financial implication among beekeepers in Tabora and Katavi regions, Western Tanzania. Four districts were selected on the basis of adoption of improved beehives. A total of 198 beekeepers were randomly selected for interviews. Data collected from beekeepers using a questionnaire were supplemented with data ...

Financial professionals have a great deal of discretion concerning how to relay information about the risk of financial products to their clients. This paper examines how different risk presentation modes influence how well investors understand the risk-return profile of financial products and how much risk they are willing to accept. We analyze four different ways of communicating risk: (i) nu...

Value at risk is a convenient and popular risk measurement tool. It represents the maximum potential loss on a specific portfolio of financial assets given a specific time horizon and a confidence interval. Principally value at risk is used in finance for risk management, financial reporting and capital requirement. In direct real estate, the calculation of this risk measurement is still rare e...

The empirical literature is very far from any consensus about the appropriate model for oil price forecasting that should be implemented. Relative to the previous literature, this paper is novel in several respects. First of all, we test and systematically evaluate the ability of several alternative econometric specifications proposed in the literature to capture the dynamics of oil prices. Sec...

Long-term Financial Planning Abstract: In this paper we develop a modeling framework that incorporates behavioral aspects for an individual planner’s consumption, saving and investment decisions for long-term financial planning. The observed behavioral aspects in preferences, such as, hyperbolic time preference, loss aversion, asymmetric perception of uncertainty, dynamically-shifting reference...

Much prior research on Information and Communication Technology (ICT) implementation has been conducted in western countries that have different social and organizational cultures from countries in Africa. In this study, we examined the implementation of a centralized financial management system (CFMS) in the Kingdom of Swaziland, a country in Southern Africa. The Swazi government decided to im...