In this paper, we discuss discrete choice theory and show how this theory can be used to quantify learning effects in experimental studies. We argue why the ordering quantities in newsvendor experiments should follow a multinomial logit distribution. We provide a robustness analysis to explain...

In this article, a comparative analysis is made between three statistical methods (Taguchi's Orthogonal Array Testing method, Monte Carlo and Two-Point method) by integrating the uncertainty of primary sources of renewable generation in systems of electric power. The modeling of the Institute of...

In this article, a comparative analysis is made between three statistical methods (Taguchi's Orthogonal Array Testing method, Monte Carlo and Two-Point method) by integrating the uncertainty of primary sources of renewable generation in systems of electric power. The modeling of the Institute of...

В статье рассмотрены основные преимущества электронного банкинга по сравнению с традиционным, методы анализа кредитной деятельности. Особая роль отведена...

In article the main advantages of electronic banking in comparison with traditional, methods of the analysis of credit activity are considered. The special role is taken to the probabilistic method of analysis of credit activity in the Internet-bank. Modeling of activity of bank on the basis of...

We use three stochastic games for the wealth of economic agents which may be at work in a real economy and we derive their statistical equilibrium distributions. Based on a heuristic argument, we assume that the expected observed wealth distribution is a mixture of these three distributions. We...