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The standard model of rational risky decision-making

Falahati, Kazem - In: Journal of risk and financial management : JRFM 14 (2021) 4, pp. 1-22

Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under … behaviour under utility theory is incompatible with scarcity of resources, making behaviour consistent with EUT irrational and …

Persistent link: https://www.econbiz.de/10012520657

Random ambiguity

Lu, Jay - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 2, pp. 539-570

We introduce a model of random ambiguity aversion. Choice is stochastic due to unobserved shocks to both information and ambiguity aversion. This is modeled as a random set of beliefs in the maxmin expected utility model of Gilboa and Schmeidler (1989). We characterize the model and show that...

Persistent link: https://www.econbiz.de/10012587418

Revealing a preference for mixtures : an experimental study of risk

Feldman, Paul; Rehbeck, John - In: Quantitative economics : QE ; journal of the … 13 (2022) 2, pp. 761-786

Using a revealed preference approach, we conduct an experiment where subjects make choices from linear convex budgets …

Persistent link: https://www.econbiz.de/10013382047

Indifference, indecisiveness, experimentation and stochastic choice

Ok, Efe A.; Tserenjigmid, Gerelt - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 2, pp. 651-686

or indecisiveness between certain alternatives, and/or her willingness to experiment in the sense of occasionally …

Persistent link: https://www.econbiz.de/10013273770

Who can predict farmers' choices in risky gambles?

Schaak, Henning; Rommel, Jens; Sagebiel, Julian; … - In: Q open : a journal of agricultural, climate, … 4 (2024) 2, pp. 1-23

Risk is a pervasive factor in agriculture and a subject of great interest to agricultural economists. However, there is a lack of comprehensive understanding of the knowledge held by farm advisors, students, and economists with regards to farmers' risk preferences. Misconceptions about farmers'...

Persistent link: https://www.econbiz.de/10015374814

Revenue sharing, competitive balance and the conzest success function

Runkel, Marco - 2008

Persistent link: https://www.econbiz.de/10015206535

Generalized distribution based diversity measurement : survey and unification

Hoffmann, Sönke - 2008

Persistent link: https://www.econbiz.de/10015206556

Gesamtwirtschaftliche Modelle in der Bundesrepublik Deutschland : Erfahrungen und Perspektiven

Heilemann, Ullrich (ed.); Wolters, Jürgen (ed.) - 1998

Makroökonometrische Modelle sind in Deutschland aus der kurzfristigen Wirtschaftsprognose und der Prozeßanalyse nicht mehr wegzudenken. Die Entwicklung dahin war zwar auch von Verlangsamungen und Unterbrechungen begleitet - die generelle Disreputation der Makroökonomie in den siebziger...

Persistent link: https://www.econbiz.de/10011401989

Wettbewerbsvorteile durch Integration von Geschäftsaktivitäten : ein zeitablaufbezogener wettbewerbsstrategischer Analyseansatz unter besonderer Berücksichtigung des Einsatzes von Kommunikations- und Informationssystemen (KIS)

Henke, Nicolaus - 1995

Die Integration der Geschäftsaktivitäten der Unternehmung wird zunehmend entscheidend für die Schaffung und Stabilisierung von Wettbewerbsvorteilen. Dies gilt insbesondere angesichts völlig neuer Möglichkeiten durch die Informationstechnik, die die Integration ganzer Unternehmen und Märkte...

Persistent link: https://www.econbiz.de/10011961145

Cumulative prospect theory version with fuzzy values of outcome estimates

Uzhga-Rebrov, Oleg; Grabusts, Peter - In: Risks : open access journal 9 (2021) 4, pp. 1-16

choosing a solution is modeling the decision maker's attitude to risk. The expected utility theory was the first approach that … even more effective approaches to solving this problem. Currently, the most developed theory of choice with respect to … decisions under risk conditions is the cumulative prospect theory. This paper presents the development history of various …

Persistent link: https://www.econbiz.de/10012508716