Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Concept Videos

Steps in Outbreak Investigation01:18

Steps in Outbreak Investigation

221
In the ever-evolving field of public health, statistical analysis serves as a cornerstone for understanding and managing disease outbreaks. By leveraging various statistical tools, health professionals can predict potential outbreaks, analyze ongoing situations, and devise effective responses to mitigate impact. For that to happen, there are a few possible stages of the analysis:
221
Causality in Epidemiology01:21

Causality in Epidemiology

934
Causality or causation is a fundamental concept in epidemiology, vital for understanding the relationships between various factors and health outcomes. Despite its importance, there's no single, universally accepted definition of causality within the discipline. Drawing from a systematic review, causality in epidemiology encompasses several definitions, including production, necessary and sufficient, sufficient-component, counterfactual, and probabilistic models. Each has its strengths and...
934
The Availability Heuristic01:08

The Availability Heuristic

6.5K
A heuristic is a general problem-solving framework (Tversky & Kahneman, 1974). You can think of these as mental shortcuts that are used to solve problems. Different types of heuristics are used in different types of situations, and the impulse to use a heuristic occurs when one of five conditions is met (Pratkanis, 1989):
6.5K
Types of Biopharmaceutical Studies: Controlled and Non-Controlled Approaches01:23

Types of Biopharmaceutical Studies: Controlled and Non-Controlled Approaches

185
Biopharmaceutical studies constitute a vital field aiming to enhance drug delivery methods and refine therapeutic approaches, drawing upon diverse interdisciplinary knowledge. In research methodologies, the choice between controlled and non-controlled studies significantly influences the study's reliability and accuracy.
Non-controlled studies, commonly employed for initial exploration, lack a control group, rendering them susceptible to biases and external influences. In contrast,...
185
Decision Making: P-value Method01:09

Decision Making: P-value Method

5.8K
The process of hypothesis testing based on the P-value method includes calculating the P- value using the sample data and interpreting it.
First, a specific claim about the population parameter is proposed. The claim is based on the research question and is stated in a simple form. Further, an opposing statement to the claim  is also stated. These statements can act as null and alternative hypotheses:  a null hypothesis would be a neutral statement while the alternative hypothesis can...
5.8K
Factors Affecting Illness01:18

Factors Affecting Illness

4.5K
When a person's physical, emotional, intellectual, social development or spiritual functioning is compromised, this deviation from a healthy normal state is called illness. Illness creates stress that in turn harms individuals. Irritation, anger, denial, hopelessness, and fear are behavioral and emotional changes an individual experiences in the phases of illness. A variety of factors influence a person's health and well-being.
For instance, risk factors are connected to illness,...
4.5K

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same journal

Estimating causal effects with optimization-based methods: A review and empirical comparison.

European journal of operational research·2025
Same journal

A review of attacker-defender games: Current state and paths forward.

European journal of operational research·2025
Same journal

The importance of eliciting stakeholders' system boundary perceptions for problem structuring and decision-making.

European journal of operational research·2024
Same journal

Global Sensitivity Analysis via a Statistical Tolerance Approach.

European journal of operational research·2023
Same journal

Behavioral Analytics for Myopic Agents.

European journal of operational research·2023
Same journal

The hammer and the jab: Are COVID-19 lockdowns and vaccinations complements or substitutes?

European journal of operational research·2023

Related Experiment Video

Updated: Sep 21, 2025

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
13:04

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods

Published on: September 19, 2012

12.2K

Pandemic portfolio choice.

Holger Kraft1, Farina Weiss1

  • 1Faculty of Economics and Business, Goethe University, Theodor-W.-Adorno-Platz 3, Frankfurt am Main 60323, Germany.

European Journal of Operational Research
|June 2, 2022
PubMed
Summary
This summary is machine-generated.

The threat of pandemics significantly impacts financial decisions. Understanding this link between health risks and market behavior is crucial for optimal investment strategies and financial planning.

Keywords:
Dynamic programmingExistence and uniquenessPortfolio theoryRecursive utilityVerification theorem

More Related Videos

Author Spotlight: Advancements in Multiplex Detection of Respiratory Viruses
03:53

Author Spotlight: Advancements in Multiplex Detection of Respiratory Viruses

Published on: November 10, 2023

1.4K
An R-Based Landscape Validation of a Competing Risk Model
05:37

An R-Based Landscape Validation of a Competing Risk Model

Published on: September 16, 2022

2.2K

Related Experiment Videos

Last Updated: Sep 21, 2025

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
13:04

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods

Published on: September 19, 2012

12.2K
Author Spotlight: Advancements in Multiplex Detection of Respiratory Viruses
03:53

Author Spotlight: Advancements in Multiplex Detection of Respiratory Viruses

Published on: November 10, 2023

1.4K
An R-Based Landscape Validation of a Competing Risk Model
05:37

An R-Based Landscape Validation of a Competing Risk Model

Published on: September 16, 2022

2.2K

Area of Science:

  • Financial mathematics
  • Epidemiology
  • Stochastic optimization

Background:

  • Pandemics like COVID-19 pose significant health and financial risks.
  • These risks can co-move, impacting individuals' financial well-being.
  • Traditional portfolio models often overlook pandemic-related health risks.

Purpose of the Study:

  • To analyze an agent's portfolio problem considering pandemic risks.
  • To model the interplay between health and financial uncertainty.
  • To determine optimal investment strategies under pandemic threat.

Main Methods:

  • Solving a complex stochastic dynamic optimization problem.
  • Utilizing a system of Hamilton-Jacobi-Bellman equations.
  • Finding the unique global solution to coupled non-linear ordinary differential equations.

Main Results:

  • The agent's value function and optimal policies are derived from a system of non-linear ODEs.
  • The study quantines the impact of pandemic threats on investment decisions.
  • Optimal portfolio strategies are demonstrably sensitive to the potential of future pandemics.

Conclusions:

  • The mere threat of a pandemic significantly alters optimal portfolio strategies.
  • Integrating health and financial risks is essential for robust financial planning.
  • This research provides a framework for managing complex risks in uncertain environments.