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In this paper I present a simple model through which I examine how large unwanted outcomes in a process subject to one’s decisions can be avoided. The paper has implications for decision makers in the field of economics, financial markets and also everyday life. Probably the most interesting...
Persistent link: https://www.econbiz.de/10005260145
values of key economic indicators, with no information regarding the associated uncertainty. Our assessment is that policy … makers would benefit if they would be given probabilities as well as values, and the methodology of stochastic simulation …, presented in this paper quantifies the uncertainty of the coefficients of the behavioural equations, on a reduced version of the …
Persistent link: https://www.econbiz.de/10009401315
The theorems of existence of the ruptures have been proved. The ruptures can exist near the borders of finite intervals and of the probability scale. The theorems can be used, e.g., in economics and forecasting.
Persistent link: https://www.econbiz.de/10008574286
This paper discusses solutions derived from lottery experiments using two alternative assumptions: that people perceive wealth changes as absolute amounts of money; and that people consider wealth changes as a proportion of some reference value dependant on the context of the problem under...
Persistent link: https://www.econbiz.de/10005089325
The methodology and uses of Monte-Carlo simulation technique are presented as applied to the analysis and assessment of …
Persistent link: https://www.econbiz.de/10005836437
National economy and security are fully dependent on information technology and infrastructure. At the core of the information infrastructure society relies on, we have the Internet, a system designed initially as a scientists’ forum for unclassified research. The use of communication networks...
Persistent link: https://www.econbiz.de/10008871186
This a critical evaluation of the book entitled Risk analysis for Islamic banks by Hennie Van Greuning and Zamir Iqbal. It applies the modern methods of risk avoidance to Islamic banks wherever pertinent, or suggests alternative in cases where they are not applicable to Islamic banks because of...
Persistent link: https://www.econbiz.de/10008595924
Scenario Analysis (SA) plays a key role in determination of operational risk capital under Basel II Advanced Measurement Approach. However, operational risk capital based on scenario data may exhibit high sensitivity or wrong-way sensitivity to scenario inputs. In this paper, we first discuss...
Persistent link: https://www.econbiz.de/10011111586
This study investigates the economic validity of the diffusion of fuel cell vehicles (FCVs) and all-electric vehicles (EVs), employing a cost-benefit analysis from the social point of view. This research assumes the amount of NOx and tank-to-wheel CO2 emissions and gasoline use reduction as the...
Persistent link: https://www.econbiz.de/10011185697
Following the Hanumanth Rao committee report Government of India initiated Watershed Development Programmes (WDPs) to improve and sustain productivity of the semiarid regions of the country at higher level. The aim of such initiatives are also to fulfill the needs of rural communities for food,...
Persistent link: https://www.econbiz.de/10005059091