Cours/séminaire

Adaptive Markets: Financial Evolution at the Speed of Though

Rigas Oikonomou

(IRES, UCLouvain)

Will give a presentation on

Union Debt Management

Model Uncertainty and Distributional Robustness in Stochastic Optimization

Georg Pflug, Universität Wien

Decision making in a stochastic  environment requires the formulation of a stochastic model (e.g. for prices, demands, weather and similar risks). Since these models are mostly based on observed data, statistics tells us that possibly several models are compatible with the observations, and if we choose one of them, there is the risk of having chosen a wrong one (i.e. the model risk).