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some effort can control the probability of implementing the intended strategy. This is shown to corroborate the results in …
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How to compensate people who provide relevant information to a decision-maker who faces uncertainty?This paper suggests some compensation rules.These are studied both in a cooperative and a noncooperative environment.
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This paper gives a survey on how to validate simulation models through the application of mathematical statistics. The …
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statistics that test whether the Kriging parameters have the correct values. Our Monte Carlo results demonstrate that in general …
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In contrast to the neo-classical theory of Arrow and Debreu, a model of a private ownership economy is presented in which production and consumption bundles are treated separately. Each of the two types of bundles is assumed to establish a convex cone. The main part in the modelling is the...
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to under-estimate the probability of success in the long run.In particular, individuals who were given the stage by stage … probability distribution failed to aggregate this information in a multi-stage case.Estimations of the long run probability … distribution did not differ much from the given stage-by-stage probability distribution, and were systematically lower than the …
Persistent link: https://www.econbiz.de/10011090383
We present an algorithm to determine both a lower and an upper bound for the finite-time probability of ruin for a risk … probability of ruin in case premium income for a time interval is received at the beginning (resp. end) of that interval, which …
Persistent link: https://www.econbiz.de/10011090827