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risk aversion and models of the utility function. One particular theory (expected utility with rank dependent probabilities …"Most decisions (political, economic, and social) are made in the context of risk so the subject of human behavior … under risk is of interest to several disciplines. Social science researchers who apply experimental methods to study …
Persistent link: https://www.econbiz.de/10009468391
qualitative Kosten-Nutzen-Analyse wird ein Markt für Risikoaustausch modelliert. Transaktionskosten werden simultan auf einem … 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
by applications of expected utility theory such as the Sandmo model of production under uncertainty. This interest led to … the development of generalized models including rank-dependent expected utility theory. In turn, the development of … analysis of production under uncertainty. Interest in the foundations of the theory of choice under uncertainty were stimulated …
Persistent link: https://www.econbiz.de/10009447975
-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 …This half-semester course discusses decision theory and topics in game theory. We present models of individual decision …
Persistent link: https://www.econbiz.de/10009432546
international water utility sector. Risk management, interms of protecting the public health from pathogenic and chemical hazards … and making explicit approaches to risk managementand decision-making that have formerly been implicit. Here, we review the … risk managementframeworks and risk analysis tools and techniques used within the water sector, consideringtheir application …
Persistent link: https://www.econbiz.de/10009463024
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
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …
Persistent link: https://www.econbiz.de/10009432547
preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … dependence compared to classical models of expected utility theory. It is shown that some empirical puzzles concerning … utility theory are met. It is shown that the methodological concerns are empirically relevant when a classification of …
Persistent link: https://www.econbiz.de/10009482308