The study investigated how ChatGPT and Bard categorize investor risk profiles compared to financial advisors. While there were no significant differences in the risk scores assigned by the chatbots and bankers for half of the clients, the chatbots often missed clients' specific characteristics. Chatbots may serve as a second opinion but cannot replace bankers.
New estimators for generalized tail distortion (GTD) risk measures are proposed, based on first-order asymptotic expansions, offering simplicity and comparable or better performance than existing meth
Cyber risk presents significant challenges to society, yet its statistical behavior remains insufficiently understood. This paper analyzes three databases to study cyber risk dynamics. It identifies i
Effective transition to a sustainable economy requires robust emission reduction plans from companies, crucial for capital allocation and risk management. Transition disclosures serve as a market comp