In this paper, we employ the propositional approach developed by Grant and Quiggin (2004) and consider the properties of Bayesian updating in the presence of unconsidered propositions

Crown financial policy is concerned with how the government manages the Crown's assets and liabilities. The recently established New Zealand Superannuation Fund, which is projected to grow to around 45% of GDP over the next few decades, highlights that Crown financial policy is likely to become...

Crown financial policy is concerned with how the government manages the Crown's assets and liabilities. The recently established New Zealand Superannuation Fund, which is projected to grow to around 45% of GDP over the next few decades, highlights that Crown financial policy is likely to become...

Water allocation in a competing environment is a major social and economic challenge especially in water stressed semi-arid regions. In developing countries the end users are represented by the water sectors in most parts and conflict over water is resolved at the agency level. In this paper,...

Choice-based conjoint analysis is a popular marketing research technique to learn about consumers' preferences and to make market share forecasts under various scenarios for product offerings. Managers expect these forecasts to be “realistic” in terms of being able to replicate market shares...

A framework is presented which distinguishes the conceptually separate decisions of which treatment strategy is optimal from the question of whether more information is required to inform this choice in the future. The authors argue that the choice of treatment strategy should be based on...