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URMI and its Integration into a framework for Ethics in Economics
Gul, Ejaz - Volkswirtschaftliche Fakultät, … - 2013
Utility, Rationality and Methodological Individualism (URMI) are the dominant aspects which determine the paradigm of …
Persistent link: https://www.econbiz.de/10011108686
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Problems of utility and prospect theories. A discontinuity of Prelec’s function
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2014
A possibility of the existence of a discontinuity of Prelec’s (probability weighting) function W(p) at the probability p = 1 is discussed. This possibility is supported by the Aczél–Luce question whether Prelec’s weighting function W(p) is equal to 1 at p = 1, by the purely mathematical...
Persistent link: https://www.econbiz.de/10011109059
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Problems of utility and prospect theories. Certainty effect near certainty
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2014
A need for experiments on the certainty effect near the certainty (near the probability p = 1) is stated in this paper. The need supported by the Aczél–Luce question whether Prelec’s weighting function W(p) is equal to 1 at p = 1, by the purely mathematical restrictions and the...
Persistent link: https://www.econbiz.de/10011109350
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General correcting formulae for forecasts
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2014
consequences of the hypothesis in utility and prospect theories are reviewed. Partially unforeseen events and their role in …
Persistent link: https://www.econbiz.de/10011110243
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On Non-Tatonnement Processes
Sambracos, Evangelos; Yannelis, Dimitris - Volkswirtschaftliche Fakultät, … - 1993
explicitly derived from utility and profit maximization. Therefore, spillover effects are taken into account whenever a quantity …
Persistent link: https://www.econbiz.de/10011111596
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Sub-interval analysis and possibilities of its use
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2012
may be used, e.g., in economics: microeconomics, macroeconomics, accounting, econometrics, utility theory; internet. …
Persistent link: https://www.econbiz.de/10011111785
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Value and utility in a historical perspective
Pogany, Peter - Volkswirtschaftliche Fakultät, … - 2012
Since value and utility are the highest profile abstractions that underlie an epoch’s intellectual climate and ethical …-essentialization of value and substantialization of utility. But now the two concepts face a thorough transvaluation as the world …. Such extrapolations form the context in which the fourth historical phase of value and utility is hypothesized, leading to …
Persistent link: https://www.econbiz.de/10011258850
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“Luce problem” and discontinuity of Prelec’s function at p = 1
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2015
This short paper is devoted to two items: 1) An analysis of Prelec’s weighting function at the probability p = 1 is highlighted (this analysis was performed by R. Duncan Luce in two articles with Ragnar Steingrimsson and János Aczél and here is referred to as the “Luce problem”). 2) The...
Persistent link: https://www.econbiz.de/10011259321
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Суб-интервальный анализ и возможности его применения
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2012
may be used, e.g., in economics: microeconomics, macroeconomics, accounting, econometrics, utility theory; the Internet …
Persistent link: https://www.econbiz.de/10011259835
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Is data interpretation in utility and prospect theories unquestionably correct?
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2014
This is a very draft version of the report "The random-lottery incentive system. Can p~1 experiments deductions be correct?". It is published to extend the abstract of the report. Aczél and Luce emphasized a fundamental question: whether W(1)=1 (whether the Prelec weighting function equals 1 at...
Persistent link: https://www.econbiz.de/10011112592