... Master’s course on numerical methods for finance, aimed at graduate students in Economics, and in an optimization course aimed at students in Industrial Engineering. Hence, this is not a ... expected payoff, but a risk-averse agent will arguably select lottery al. More generally, if we have a random variable X and we add a mean-preserving spread, i.e., a random variable E with ... methods are not confined to academia, but are actually usrd in real life. As a result, there has been a steady increase in the number of academic programs devoted to quantitative finance, ...