Showing 1 - 10 of 218
We present a model of learning in which agents learn from errors. If an action turns out to be an error, the agent … an acceptable solution is asymptotically reached. Moreover, one can take advantage of big errors for a faster learning. …
Persistent link: https://www.econbiz.de/10005572182
Results of a survey concerning the importance of quality management of the educational process among high officials of Czech universities and colleges are summarized in this article. Three of possible methods of quality management in the educational process are described here: Standardization...
Persistent link: https://www.econbiz.de/10005258340
This paper presents the basics of the Transaction cost theory (TCT) and shows it's contribution to the Theory of the … TCT mainly by O. E. Williamson. The theory is based on asset specificity. The formal model with the human asset …
Persistent link: https://www.econbiz.de/10009401149
We examine a strategic-choice handicap model in which males send costly signals to advertise their quality to females. Females are concerned with the net viability of the male with whom they mate, where net viability is a function of the male's quality and signal. We identify circumstances in...
Persistent link: https://www.econbiz.de/10004968337
This article is dealed about the requirements on new architecture of financial markets, namely for banking and insurance market. The principles of Basel II and Solvency II are discussed. The second part of article concerned with quality changes in comercial insurable risk and financial decesion...
Persistent link: https://www.econbiz.de/10005036623
This paper analyses problems within the asymmetric information models (principal agent models) where we replace standard assumption of maximisation of expected income by maximisation of probability of economic survival. This paper concentrates on two basic models- adverse selection model and...
Persistent link: https://www.econbiz.de/10005698674
The article contests an argument that the creation of a capital market in educational "human capital" and subsequent voluntary transactions on this market are sufficient to create equal opportunities in education, consequently reducing the income premium enjoyed by households with higher initial...
Persistent link: https://www.econbiz.de/10009294039
competing explanations of that fact, the human capital theory and the signaling theory. …
Persistent link: https://www.econbiz.de/10009398915
The aim of the paper is to apply a theory of asymmetric information to managing production risk in agriculture. The …
Persistent link: https://www.econbiz.de/10009401145
The authors of the article point out that the theory of economics has failed to yield a solid theoretical background in …
Persistent link: https://www.econbiz.de/10008752946