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DTSTART:20251106T123000
DTEND:20251106T134500
DTSTAMP:20260423T232000
SUMMARY:DF Lunch Seminar with Prof. Ansgar Walther (Oxford University)
DESCRIPTION:“Probability Pricing”\n\nWith the Lunch Seminar series, the Department of Finance is bringing eminent and up-and-coming researchers from around the world to Luxembourg.\n\nAbstract\n\nThis paper develops probability pricing, extending cash flow pricing to measure the willingness-to-pay for changes in probabilities. The value of a change in probabilities can be expressed as a cash flow pricing formula for an asset with hypothetical cash flows derived from changes in the survival function. This cash flow equivalent formulation provides a way to construct hedging strategies and decompose probability prices into expected-payoff and risk-compensation components. Our four applications study the valuation of changes in the distribution of aggregate consumption, the efficiency effects of changes in performance noise in principal-agent problems, and the welfare implications of changes in public and private information.\n\nAbout the speaker\n\nAnsgar Walther is a Professor of Financial Economics at the University of Oxford.\n\nLanguage\n\nEnglish.\n\nThis is a free event. Registration is mandatory.\n\nCold lunches are provided to registered participants only.\n\nIn collaboration with\n\nThis event is supported by the Luxembourg National Research Fund (RESCOM/2025/LE/19440690).\n\nLocation: https://www.uni.lu/en/about/campuses/kirchberg-campus/\nRead more: https://www.uni.lu/fdef-en/events/df-lunch-seminar-with-prof-ansgar-walther-oxford-university/
UID:UL-22019
LOCATION:Kirchberg Campus 6 - rue Richard Couden­­­hove-Kalergi 1359 Luxembourg Luxembourg
URL:https://www.uni.lu/fdef-en/events/df-lunch-seminar-with-prof-ansgar-walther-oxford-university/
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