Although there are alternative models which can explain the Allais paradox with non-standard preferences, they do not take the emerging evidence on preference imprecision into account. The imprecision is so far incorporated into these models by adding a stochastic specification implying the...

Durch die Festsetzung von Umweltqualitätsgrenzwerten werden vorgegebene Umweltqualitäts- oder Schutzziele operationalisiert. Im Operationalisierungsprozess (dem Grenzwertsetzungsprozess) sind jedoch Fehlentscheidungen aufgrund von Unsicherheiten in der Bewertung gegebener...

This paper aims to address a gap in literature at the intersection of cheating in auctions and emotional responses. In a second price auction with a cheating seller, we model the bidder's dislike for the possibility of cheating by drawing upon the idea of reference point-based utility. A...

A novel decision theory is emerging out of sparse findings in economics, mathematics and, most importantly, psychology and computational cognitive science. It rejects a fundamental assumption of the theory of rational decision-making, namely, that uncertain belief rests on independent assessment...

Internet with all services is integral part of profession and private life of the all community. Web technologies develop very quickly and its usage has an increasing trend. Web technologies are used for various purposes in private business and public administration companies. In both cases web...

Healthcare technology is in use for a decade or more in India. The use of technology in healthcare especially in public health is very common due to the recent development in Information Communication Technology. The cost of equipments in ICT in general are falling. But in healthcare, some of...

We reconstruct Cohen, March and Olsen's Garbage Can model of organizational choice as an agent-based model. In the original model, the members of an organization can postpone decision-making. We add another means for avoiding making decisions, that of buck-passing difficult problems to...

Without denying the importance of asymmetric information, this article purports the view that credit rationing may also originate from a lender's inability to classify loan applicants in proper risk categories. This effect is particularly strong when novel technologies are involved. Furthermore,...

Since 2009 - a new system will work fully computerized tracking of shipments to Romania for intra under suspension of excise goods: EMCS, the new system will record all economic validate who are entitled to send and receive excise goods within the EU. If the EU wants a company to deliver...

In this paper we analyze empirically the influence of firms’ endogenous competences in the existence, quality and results of the linkages between firms and different types of agents. Using survey data from 170 firms belonging to the steel making and automotive production networks in Argentina,...