Modeling risk using elements of game theory and fractals

Constantin Tulai and Ioana Florina Popovici

Finante - provocarile viitorului (Finance - Challenges of the Future), 2010, vol. 1, issue 11, 79-83

Abstract: Where did the money go? This is the question that managers of financial institutions that collapsed have been facing during the actual global crisis. Is the risky behavior of players on the market to be blamed or the network effect of the interdependence of financial institutions, created for the purpose of dividing risk among players on the market. What role does risk play in the results of gambling through strategic behavior in economic activity. Do the classical premises of rationality in minimizing risk on unit of expected value or profit, still hold today? The purpose of this paper implies modeling risk on economic decision- making, by using elements of game theory and fractal theories.

Keywords: decision - making; risk theory; fractals; strategic behavior (search for similar items in EconPapers)
JEL-codes: C61 C70 D81 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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