bidder can more fully express his preferences. This is particular important when items are complements. In the experiment …. The design of the laboratory experiment is presented in the next section and the results are shown in the last section. …

changes in comercial insurable risk and financial decesion of enormous natural catastrophes in last decade. The traditional …

stochastic utility. In this article we reassume the von Neumann and Mongernstern explanation to this paradox based on the risk … specification of its parameters ad hoc. Other advantage of our utility function is its explanation of the difference in decision … situational risk seeking behaviour of players under the boundary of survival). …

well-researched schism between strategic management and financial theory. Options theory provides a potent tool to resolve …

Hedging strategies represent basic instrument used toward eliminating financial risk. Increasing volatility of … select hedging strategies. Five basic hedging strategies ? delta hedging, minimum variance, minimum value at risk, maximum … portfolios consisting of risk assets (share, bond, commodity price, and exchange rate) and hedged assets (financial derivative …