In this paper we want to explore an argumentative pattern that provides a normative justification for expected utility functions grounded on empirical evidence, showing how it worked in three different episodes of their development. The argument claims that we should prudentially maximize our...

In this paper we want to explore an argumentative pattern that provides a normative justification for expected utility functions grounded on empirical evidence, showing how it worked in three different episodes of their development. The argument claims that we should prudentially maximize our...

This research has been done in the context of the REPONSE (2010-2011) post survey. The interviews aimed at characterizing the companies' adjustment processes to the 2008 crisis and how they have been discussed, negotiated or forced by management direction. The methodology is built on two parts:...

The market for autographs has become more open to international buyers since 1990. Our data set features a large sample of store and auction sales for selected authors every five years from 1960 to 2005. The estimation of a hedonic price function shows that page count, type of author, date and...

The market for autographs has become more open to international buyers since 1990. Our data set features a large sample of store and auction sales for selected authors every five years from 1960 to 2005. The estimation of a hedonic price function shows that page count, type of author, date and...

[fre] La crise advient quand la prévention des risques a été défaillante. Elle constitue aussi un moment normal du cycle économique d’après les théories qui en rendent compte. Dans un univers économique où les connaissances incertaines se focalisent sur les éléments récurrents et...

The market for autographs has become more open to international buyers since 1990. Our data set features a large sample of store and auction sales for selected authors every five years from 1960 to 2005. The estimation of a hedonic price function shows that page count, type of author, date and...

Les questions discutées dans l'Ars Conjectandi n'intéressent pas les économistes avant la transformation de la discipline en « science des choix », dans les années 1930. L'ouvrage de Jacques Bernoulli, comme certains travaux de ses neveux Nicolas et Daniel, marquent pourtant la naissance...

Cet article examine les conditions d'emprunt pour une collectivité désirant acquérir un bien immobilier ; on dérive une règle simple applicable à des paramètres observables.

On considère généralement qu'il n'existe pas d'évaluation correcte des rentes viagères au dix-septième siècle. Les institutions qui ont vendu de tels actifs financiers l'auraient donc fait déraisonnablement. On attribue communément à ces désordres la faillite des institutions de...