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Farm risk management for income stabilization is on-going issue. An applied work has been performed to measure farm … risk using a stochastic model. Risk management tools, with symmetric as well as asymmetric impacts, are then tested and … compared through ad hoc statistics. Normal farm business risk can be efficiently managed using a precautionary saving provision …
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With a market entry game inspired by Camerer and Lovallo (1999), we study the attitudes of junior and senior employees towards strategic uncertainty and competition. Seniors exhibit higher entry rates compared to juniors, especially when the market capacity is not too low or when earnings from...
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stereotype of risk averse and less competitive older employees. …
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Many decisions in private and public organizations are made by groups. The paper explores strategies that the sponsor of a proposal may employ to convince a qualified majority of group members to approve the proposal. Adopting a mechanism design approach to communication, it emphasizes the need...
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