Decisions in supply chain management involve a rising and ever changing amount of information. Supply chain professionals are facing increasing requirements on their decision making capabilities in an environment of high complexity. Enterprises are looking towards innovative technologies in...

Trust is an important driver of economic transactions, but how do people decide whom to trust? We conduct an experiment to investigate whether people are able to predict trustworthiness by judging the face of a stranger. The behavior of the second player in the Trust Game is used as a measure of...

The 1960s were the glorious age of large-scale, "economy-wide" macroeconometric models, which enabled forecasts and simulations of the quantitative effects of certain policy changes within systems of simultaneous equations. This paper is concerned (1) with the form and character of the kind of...

A decision making process requires the values of conflicting objectives for alternatives and the selection of the best alternative according to the needs of decision makers. Multi-objective optimization methods may provide solution for this selection. In this paper it is aimed to present the...

Transport project prioritisation and selection processes require consideration of many aspects of costs, intended benefits and other impacts. Economic analysis methods can measure many of those factors, though the analysis methods must be specified in ways that meet the information needs of...

Before a group can take a decision, its members must agree on a mechanism to aggregate individual preferences. In this paper we present the results of an experiment on the influence of private payoff information and the role of the available alternatives on individuals’ mechanism choices in...

We evaluate forecasts made in real time to support monetary policy decisions at Sveriges Riksbank (the central bank of Sweden) from 2007 to 2013. We compare forecasts made with a DSGE model and a BVAR model with judgemental forecasts published by the Riksbank, and we evaluate the usefulness of...

Keynes' mathematical Treatise addresses what some call "radical uncertainty", which he thought endemic in world affairs and whose appreciation underpinned much of his later work. In contrast, the mainstream view in economics, as elsewhere, has been that even if radical uncertainty exists, either...

Frühere Arbeiten zeigen, dass Personen trotz hoher Datenschutzbedenken oft sehr freigiebig persönliche Informationen preisgeben, wenn sie Informationssysteme (ISs) nutzen. Wissenschaftler beschreiben dieses Privacy Paradox als ein zentrales Problem derzeitiger Datenschutzforschung. Das Ziel...

Measuring workers' productivity is important for public policy and private-sector decision-making. Due to a lack of reliable methods to determine workers' productivity, firms often use specific performance measures, such as how different incentives affect employees' behavior. The public sector...

Ever since the emergence of economics as a distinct scientific discipline, policy makers have turned to economic models to guide policy interventions. If policy makers seek to enhance growth of an open capitalist economy, they have to take into account, firstly, the uncertainties,...

It takes a woman and a man to make a baby. This fact suggests that for a birth to take place, the parents should first agree on wanting a child. Using newly available data on fertility preferences and outcomes, we show that indeed, babies are likely to arrive only if both parents desire one, and...

Zusammenfassung: Unsere nachhaltige multifunktionale Forstwirtschaft ist geprägt durch das Abwägen, gleichzeitig mehrere, darunter auch konkurrierende Ziele zu verfolgen. Diese Situation lässt sich als „forstliches Polylemma“ beschreiben. Für jedes Ziel gibt es gute Gründe, aber nicht...

In this paper we provide an overview of decision frameworks aimed at crafting an energy technology Research & Development portfolio, based on the results of three large expert elicitation studies and a large scale energy-economic model. We introduce importance sampling as a technique for...

Trotz ihrer großen Verbreitung und wirtschaftlichen Bedeutung wurden Familienunternehmen bislang nur unzureichend hinsichtlich ihres Ko-operationsverhaltens untersucht. Familienunternehmen verfügen über charakteristische Merkmale, die einen Einfluss auf ihr wirtschaftliches Handeln nehmen....