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Quantification of uncertainty in predictions of nuclear waste repository performance is a requirement of Nuclear … disposal. One of the major uncertainties in these predictions is in estimating the ground-water travel time of radionuclides … migrating from the repository to the accessible environment. The cause of much of this uncertainty has been attributed to a lack …
Persistent link: https://www.econbiz.de/10009436267
Persistent link: https://www.econbiz.de/10005027551
This paper develops necessary and sufficient conditions for monotone comparative statics predictions in several general classes of stochastic optimization problems. There are two main results, where the first pertains to single crossing properties (of marginal returns, incremental returns, and...
Persistent link: https://www.econbiz.de/10005587320
In this paper I consider social choices under uncertainty. I prove that any social choice rule that satisfies …
Persistent link: https://www.econbiz.de/10005634197
We study a decision-maker who follows the Savage axioms. We show that if s(he) is able to take unobservable actions which influence the probabilities of outcomes then it can appear to an outsider as if his/her subjective probabilities are non-additive. Implications for multi-period decisions are...
Persistent link: https://www.econbiz.de/10005738229