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The efficient-market hypothesis (EMH) is one of the most important economic and financial hypotheses that have been tested over the past century. Due to many abnormal phenomena and conflicting evidence, otherwise known as anomalies against EMH, some academics have questioned whether EMH is...
Persistent link: https://www.econbiz.de/10013199649
models treat losses and gains equally likely, by disregarding the expected utility when the newsvendor is loss …-averse. Moreover, the use of unbounded utility to model risk attitudes fails to explain some decision-making paradoxes. In contrast …, this paper deals with the utility maximization of the newsvendor using a class of bounded utility functions to study the …
Persistent link: https://www.econbiz.de/10013470811
-variance, utility maximization, and minimum turbulence portfolios, based on beta-adjusted (CAPM-based) returns. The different portfolios … beta-adjusted returns, may simply opt for 1/N (näive) portfolios as a diversification strategy while realizing … decent expected returns. The optimized portfolio under mean-variance, semi-variance, and utility are presented as alternative …
Persistent link: https://www.econbiz.de/10014332705
metric - it is calculated as the difference between the 'expected utility' (EU) of alternative options. But for patient …-facing digital health innovations, 'expected utility' (EU) should incorporate the probability of achieving not only a clinical … outcome, but also process outcomes (depending on the innovation under consideration); and the measures of utility should …
Persistent link: https://www.econbiz.de/10014489835
Backgrounds Limited information is available on the utility values of metastatic pancreatic cancer, focusing on … societal-based health-related utility values for metastatic pancreatic cancer by considering diferent grade toxicities commonly … metastatic pancreatic cancer undergoing chemotherapy and conducted utility research using the developed scenarios in four steps …
Persistent link: https://www.econbiz.de/10014489857
The study presents the main features of consumer behavior patterns from an economic perspective (Marshallian, Pavlovian, Freudian, Veblenian, and Hobbesian models). Based upon the qualitative analyses (which have used the information from two focus groups and the student's statement related to...
Persistent link: https://www.econbiz.de/10014496797
EPUB and EPDF available Open Access under CC-BY-NC-ND licence. With contributions from Alan Kirman and Rod O'Donnell, Karl Mittermaier's posthumously published work establishes a conceptual framework that will help economic theorists explore new paths of empirical analysis.
Persistent link: https://www.econbiz.de/10014520957
. We argue that reported subjective well-being is a satisfactory empirical approximation to individual utility and that …
Persistent link: https://www.econbiz.de/10010315155
In the presence of inequality a status-driven utility function reconciles the conflict between income-based and …
Persistent link: https://www.econbiz.de/10010319857
evaluated with the utility, which must ensure the theory's scope, explanatory potential and predictive adequacy score. This …
Persistent link: https://www.econbiz.de/10014527727