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This article extends the theory of corporate risk management to encompass highly dynamic risks. Taking Viscusi'�s (1989 …) prospective reference from the context of individual decision making and applying it to a corporate context we propose a theory of … support for this concept of risk-updating by showing that the demand for terrorism insurance is strongly determined by the …
Persistent link: https://www.econbiz.de/10005789691
The significance of organisational risk management has grown ostensibly during recent decades, and this is true … regarding for-profit organisations and public entities alike. There are, however, unique traits that characterise risk analysis … and risk management as applied in the public sector, both in terms of areas of application and execution. Being mandatory …
Persistent link: https://www.econbiz.de/10011251911
This paper estimates the probability distribution of budgets, revenues, returns and profits to G-, PG-, PG13-, and R-rated movies. The distributions are non-Gaussian and show a self-similar stable Paretian form with non-finite variance and non-stationary mean.
Persistent link: https://www.econbiz.de/10005486841
with risks may have strong impacts on the environment. We evaluate the effects of public risk management programmes, such …
Persistent link: https://www.econbiz.de/10011110478
We study attitudes towards risk in the Rank Dependent Expected Utility (RDEU) model. This model replaces expected … probability-perception function. We use the notion of monotone risk aversion introduced by Quiggin ([18]), that is, aversion to … monotone mean-presrving increase in risk, based on a notion of co-monotonicity of random variables that has been shown to play …
Persistent link: https://www.econbiz.de/10005663598
Normative models of behaviour under risk in the framework of expected utility (EU) or under uncertainty in the … (non-EU) models based on the Choquet integral allow for much more diversified behavior, both under risk and under …
Persistent link: https://www.econbiz.de/10005663617
This paper explores the consequences of non-additive expected utility on risk-sharing and equilibrium in a general …
Persistent link: https://www.econbiz.de/10005776511
This paper we seek to develop a knowledge transfer model from knowledge economic theory. Knowledge transfer is accepted … existing knowledge economic theory. Endeavoring to build this model the paper at firsts looks at the concept of knowledge …
Persistent link: https://www.econbiz.de/10005619564
business loss. To ensure the successful implementation of a SCM project it is necessary to study even from the early stages … access to the so-called lessons-learned. By using this approach, in this paper, we present the most common risks and risk … sources encountered in the implementation projects of SCM type information systems. We also propose a risk identification …
Persistent link: https://www.econbiz.de/10010819118
them, it deals with different aspects of the theory of risk-bearing. I explain current responses to global change, focusing … into the future. It proposes sound principles of risk management that make sense in today's society generally, going beyond …
Persistent link: https://www.econbiz.de/10005619688