As simulation arid Monte Carlo continue to play an increasing role in statistical research, careful attention must be given to problems which arise in implementing and documenting collect ions of random number generators. This paper examines the value of theoretical as well as empirical evidence...

In den Wirtschaftswissenschaften werden Risiken häufig mit dichotomen Zufallsvariablen modelliert. In der vorliegenden Arbeit wird an Fallbeispielen untersucht, unter welchen Bedingungen für das Gesamtrisiko eines inhomogenen Portfolios von stochastisch unabhängigen dichotomen Risiken...

We design a laboratory experiment to identify whether a preference for randomization defines a stable type across different choice environments. In games and individual decisions, subjects face twenty simultaneous repetitions of the same choice. Subjects can randomize by making different choices...