Showing 1 - 10 of 5,467
Although much of the theoretical literature on ambiguity works under the assumption of uncertainty aversion …
Persistent link: https://www.econbiz.de/10012266826
The α-MEU model and the smooth ambiguity model are two popular models in decision making under ambiguity. However, the …
Persistent link: https://www.econbiz.de/10012422419
To survive and flourish in a changing and unpredictable world, organizations and people must maintain strategic power over necessary resources - often in the face of competition. Knowledge contributes to that strategic power. Without vigilance to maintain its currency and accuracy, the value of...
Persistent link: https://www.econbiz.de/10014175381
Learning from BP's disastrous oil spill in the Gulf of Mexico means understanding why extraction technology innovations flourished while cleanup and prevention technologies stagnated. Only then can we fruitfully identify the kinds of changes to the governance regime that might prevent this sort...
Persistent link: https://www.econbiz.de/10014179963
In order to motivate flood insurance purchase and promote flood hazard awareness and mitigation, the Community Rating System (CRS) of National Flood Insurance Program (NFIP), credits floodplain management activities and awards flood insurance premium discounts. CRS, however, has been marked by a...
Persistent link: https://www.econbiz.de/10014181958
This article proposes a way of introducing some organization and tractability in climate science, generating more widely credible evaluations of climate science, and imposing some discipline on the processing and interpretation of climate information. I propose a two-part policy instrument...
Persistent link: https://www.econbiz.de/10014185534
This paper examines the interaction and development of tacit (informal) knowledge networks and how knowledge transfers occur within an intelligent transport organization (ITS Australia). The work is informed on a biological theory of organization combining Maturana and Varela's concept of...
Persistent link: https://www.econbiz.de/10014185858
This paper puts forth a simple model explaining the manner in which news aggregators such as Google News or Yahoo! News build herd behavior through information cascades. The model suggests that (1) an increase in the number of Internet users will make herding more significant over the Internet,...
Persistent link: https://www.econbiz.de/10014042628
Third political parties are influential in shaping American politics. In this work we study the spread of a third party ideology in a voting population where we assume that party members/activists are more influential in recruiting new third party voters than non-member third party voters. The...
Persistent link: https://www.econbiz.de/10014045993
Moore & Shannon's theorem is the cornerstone in reliability theory, but cannot be applied to human systems in its original form. A generalization to human systems would therefore be of considerable interest because the choice of organization structure can remedy reliability problems that...
Persistent link: https://www.econbiz.de/10014049389