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-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance …, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi …
Persistent link: https://www.econbiz.de/10009432546
-order risk preferences. In order to assess whether risk preferences differ for decisions over gains and losses the experiment was …This thesis contributes to the development of theoretical and experimental approaches that extend the analysis of risk … are concerned with extensions and applications of the most promising descriptive theories of behavior under risk. In these …
Persistent link: https://www.econbiz.de/10009482308
steigern. Eine Divergenz im systemischen Risiko kann zu einer Divergenz im Versicherungsangebot führen. Eine öffentliche …­kosten als Hofertragsversicherungen. Letztere können aber, abhängig von den Selbstbeteiligungen, das Risiko der Landwirte stärker …
Persistent link: https://www.econbiz.de/10009429007
the complete risk management process. An Example from a mechanical engineering company is used for the final validation of …
Persistent link: https://www.econbiz.de/10009467405
. It suggest a microeconometric method for measuring flooding related risk preferences of affectedindividuals. The method …-experimental approach to measure differences in the risk attitudes of farmers located in highflooding risk areas versus farmers located in … low flooding risk areas is followed. Changes in flooding risk relatedbehaviour over time is analysed and marginal effects …
Persistent link: https://www.econbiz.de/10009442826
-Walrasian disequilibrium approach and describe optimizing agents. These agents use chance constraints which depict a Cash Flow at Risk approach …
Persistent link: https://www.econbiz.de/10009449067
the risk associatedwith a physical security system is presented. Linear programming is usedto determine bounds on the …
Persistent link: https://www.econbiz.de/10009465169
closely to the theory of convex risk measures. We show that the complexity of this approach is equivalent to that of solving a … relaxing standard robustness with soft robustness yields a seemingly favorable risk-return trade-off: each case results in a …
Persistent link: https://www.econbiz.de/10009475403
Some extension economists and others often recommend profit margin hedging in choosing thetiming of crop sales. This paper determines producer’s utility function and price processeswhere profit margin hedging is optimal. Profit margin hedging is shown to be an optimalstrategy under a highly...
Persistent link: https://www.econbiz.de/10009443336
joint effects of risk aversion and irreversibility associated with real investments. It aims at modifying the theory of … investment under uncertainty by incorporating decision makers' risk preferences and allows explicitly analyzing the impacts of … risk aversion, uncertainty and irreversibility on decisions such as investment and resource allocations. It addresses the …
Persistent link: https://www.econbiz.de/10009443612