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formulas for calculations of certainty equivalents and risk premiums are derived. Some properties of the analyzed functions are …
Persistent link: https://www.econbiz.de/10010638329
Many real-world decision making situation are associated with uncertainty regarding future state of the World. Traditionally, in such situation different (and discrete) scenarios – future states of nature – are considered. This domain of decision making is denoted as decision making under...
Persistent link: https://www.econbiz.de/10011259600
Risk is a phenomenon that should not be neglected in the decision-making process. It is a fact because there is uncertainty and the impossibility of predicting the exact time of its occurrence in otherwords, even if there is a particular risk likely to occur or occurs.
Persistent link: https://www.econbiz.de/10010598317
certainty property estimation in organizational-economic system, gives and proves an author's opinion at the uncertainty nature … and approaches to its calculation that is accompanied with studying of back property toward uncertainty – certainty of … cumulative uncertainty and certainty. …
Persistent link: https://www.econbiz.de/10011258175
Uncertainty and certainty of organizational-economic systems are their integral properties. Existence and development … methodological device of carrying out of an estimation of uncertainty and the certainty, the author stated earlier in the publication … «Uncertainty and certainty property estimation of organizational-economic system», have formed a basis for deepening of research …
Persistent link: https://www.econbiz.de/10011260504
In what ways can changes to the structure of regulation (as well as other regulatory reforms) mitigate the effects of policies which trigger financial instability? More specifically policies, information asymmetries or externalities which could give rise to bank contagion, systemic/liquidity...
Persistent link: https://www.econbiz.de/10008866155
Event-related functional magnetic resonance imaging was used to investigate the neural mechanisms underlying intertemporal preference for symmetric gains and losses in certain conditions, by asking subjects to choose between two gains or two losses available at different points in time. Our data...
Persistent link: https://www.econbiz.de/10008680266
empirical regularities that seem to contradict this statement both in certainty and uncertainty conditions. This study focused …
Persistent link: https://www.econbiz.de/10008682258
Przedstawiono, niepodzielny przez wiekszosc autorow zajmujacych sie zbiorami rozmytymi, poglad, ze niepewnosc i nieostrosc sa to dwa istotnie rozne zjawiska empiryczne i dlatego musza byc wyjasnione lub tylko opisywane za pomoca roznych teorii: teorii prawdopodobienstwa i teorii zbiorow...
Persistent link: https://www.econbiz.de/10008764611
respondent certainty explains framing effects in a contingent valuation study, using data from a double bounded dichotomous … elicitation format and a follow-up certainty question. We investigate if respondent certainty influences anchoring and the shift …
Persistent link: https://www.econbiz.de/10010870860