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of economic agents when these changes are made. The experiment results indicate that an important factor is the risk …Tax evasion is an illegal activity combated by the tax administration through different tools. Implicitly the risk is … present in this type of activity. Therefore, the risk assessment is an important component on the decision of evasive behavior …
Persistent link: https://www.econbiz.de/10011703510
Este breve artículo glosa algunas de las aplicaciones recientes de sistemas dinámicos estocásticos de la Teoría de Juegos y la Economía. El modelo que se describe con más detalle demuestra que la única asignación estocásticamente estable de un proceso de intercambio entre coaliciones...
Persistent link: https://www.econbiz.de/10005611902
Persistent link: https://www.econbiz.de/10011895491
Financial markets currently offer various investment alternatives, including a variety of assets, which are … risk. Given the above, this paper presents a model of efficient portfolio optimization based on Markowitz's theory, using … EWMA methodology for the calculation of portfolio risk. …
Persistent link: https://www.econbiz.de/10011536962
Financial markets currently offer various investment alternatives, including a variety of assets, which are … risk. Given the above, this paper presents a model of efficient portfolio optimization based on Markowitz´s theory, using … EWMA methodology for the calculation of portfolio risk. …
Persistent link: https://www.econbiz.de/10010231579
This article evaluates Herbert A. Simon’s contribution to organization theory, placing special emphasis on the criterion of bounded rationality. Simon’s criticism of the orthodox version of organizational bureaucracy is interpreted and his analysis is extended to institutional economics. One...
Persistent link: https://www.econbiz.de/10015231993
its properties, the paradoxes of choice under uncertainty and finally the measures of risk aversion with monetary …
Persistent link: https://www.econbiz.de/10015234441
This paper will develop the half variance approach,identifying the expected utility functions that can be expressed in terms of the expected value and standard deviation. We study the stochastic dominance to determine the conditions required by the ordering of lotteries when they are probability...
Persistent link: https://www.econbiz.de/10015234443
To understand the formation and extent of the speculative tsunami that sweeps the coast of the Spanish economy since the end of 2007, it is necessary to analyze the profitability of property sales in the past decade. This article analyzes economic and financial profitability, and the multiplier...
Persistent link: https://www.econbiz.de/10015239750
The utility function with traditional exponential discount cannot explain individuals´ problems of inter-temporal inconsistence and self-control. Several economists have explained these problems with what is known as “present-bias”. The present-bias means that a good becomes more tempting...
Persistent link: https://www.econbiz.de/10015245456