Kavli Affiliate: Cheng Peng | First 5 Authors: Anton Malandii, Siddhartha Gupte, Cheng Peng, Stan Uryasev, | Summary: This paper introduces a novel framework for assessing risk and decision-making in the presence of uncertainty, the emph{$varphi$-Divergence Quadrangle}. This approach expands upon the traditional Risk Quadrangle, a model that quantifies uncertainty through four key components: emph{risk, […]
Continue.. Divergence Based Quadrangle and Applications