Most Recent Articles: Probability, Uncertainty and Quantitative Riskhttps://probability-risk.springeropen.comMost Recent Articles: Probability, Uncertainty and Quantitative RiskImplied fractional hazard rates and default risk distributionshttps://probability-risk.springeropen.com/articles/10.1186/s41546-017-0015-6Default probability distributions are often defined in terms of their conditional default probability distribution, or their hazard rate. By their definition, they imply a unique probability density function. ...Wed, 01 Mar 2017 00:00:00 GMThttps://probability-risk.springeropen.com/articles/10.1186/s41546-017-0015-6Charles S. Tapiero and Pierre Vallois2017-03-01T00:00:00ZConvergence to a self-normalized G-Brownian motionhttps://probability-risk.springeropen.com/articles/10.1186/s41546-017-0013-8G-Brownian motion has a very rich and interesting new structure that nontrivially generalizes the classical Brownian motion. Its quadratic variation process is also a continuous process with independent and st...Wed, 01 Mar 2017 00:00:00 GMThttps://probability-risk.springeropen.com/articles/10.1186/s41546-017-0013-8Zhengyan Lin and Li-Xin Zhang2017-03-01T00:00:00ZStochastic global maximum principle for optimization with recursive utilitieshttps://probability-risk.springeropen.com/articles/10.1186/s41546-017-0014-7In this paper, we study the recursive stochastic optimal control problems. The control domain does not need to be convex, and the generator of the backward stochastic differential equation can contain z. We obtai...Wed, 01 Mar 2017 00:00:00 GMThttps://probability-risk.springeropen.com/articles/10.1186/s41546-017-0014-7Mingshang Hu2017-03-01T00:00:00ZA survey of time consistency of dynamic risk measures and dynamic performance measures in discrete time: LM-measure perspectivehttps://probability-risk.springeropen.com/articles/10.1186/s41546-017-0012-9In this work we give a comprehensive overview of the time consistency property of dynamic risk and performance measures, focusing on a the discrete time setup. The two key operational concepts used throughout ...Wed, 01 Mar 2017 00:00:00 GMThttps://probability-risk.springeropen.com/articles/10.1186/s41546-017-0012-9Tomasz R. Bielecki, Igor Cialenco and Marcin Pitera2017-03-01T00:00:00ZA branching particle system approximation for a class of FBSDEshttps://probability-risk.springeropen.com/articles/10.1186/s41546-016-0007-yIn this paper, a new numerical scheme for a class of coupled forward-backward stochastic differential equations (FBSDEs) is proposed by using branching particle systems in a random environment. First, by the f...Thu, 01 Dec 2016 00:00:00 GMThttps://probability-risk.springeropen.com/articles/10.1186/s41546-016-0007-yDejian Chang, Huili Liu and Jie Xiong2016-12-01T00:00:00Z