We design a mechanism for Fair and Efficient Distribution of Resources (FEDoR) in the presence of strategic agents. We consider a multiple-instances, Bayesian setting, where in each round the preference of an agent over the set of resources is a private information. We assume that in each of r rounds n agents are competing for k non-identical indivisible goods, (n > k). In each round the strate...

We study fair allocation of indivisible goods to agents with unequal entitlements. Fair allocation has been the subject of many studies in both divisible and indivisible settings. Our emphasis is on the case where the goods are indivisible and agents have unequal entitlements. This problem is a generalization of the work by Procaccia and Wang [20] wherein the agents are assumed to be symmetric ...

In recent years there has been a trend towards market consistent valuation in those institutions for which actuaries have responsibilities. The larger United Kingdom with-profits insurance companies are now preparing realistic balance sheets, both for internal purposes and also at the request of the Financial Services Authority. International accounting standards have been moving to a fair valu...

The increments of environmental, social, and governance-based investments have been seen recently by institutions or retail investors. growth has increased rapidly since 2012. Some research gives a positive correlation between the ESG factor represented rating company performance. PT Pertamina Geothermal Energy, Tbk. (PGEO), IPO on 24th February 2023 outstanding It was audited Sustainable Fitch...

A Neural Network Approach to Efficient Valuation of Large VA Portfolios Seyed Amir Hejazi Doctor of Philosophy Graduate Department of Computer Science University of Toronto 2016 Variable annuity (VA) products expose insurance companies to considerable risk because of the guarantees they provide to buyers of these products. Managing and hedging the risks associated with VA products requires intr...

In this paper we develop a model in which up to 30 employee stock options issued by the same firm can be valued simultaneously and demonstrate that standard methods of valuation can result in under-valuation, especially for long-dated options and for options where the proportion of outstanding options is large relative to the number of outstanding shares of equity. We also develop a version of ...

This paper makes an analysis on a default swap option that an investment bank in Japan produced on the credit-risk of a convertible bond issued by a third company C. In this default swap option, a protection buyer A against a default of C owns the right of starting an interest swap between the buyer and a protection seller B when a credit event happens. When B starts the swap after a default, t...

One of the most significant achievements from theoretical computer science was to show that there are non-computable problems, which cannot be solved through algorithms. Although the formulation of such problems is mathematical, they often can be interpreted as problems derived from other fields, like physics or computer science. However no noncomputable problem with economical or financial ins...