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De Finetti's treatise on the theory of probability begins with the provocative statement PROBABILITY DOES NOT EXIST …, meaning that probability does not exist in an objective sense. Rather, probability exists only subjectively within the minds … well as on beliefs. Most later authors, from Savage onward, have attempted to disentangle beliefs from values by …
Persistent link: https://www.econbiz.de/10005710996
Understanding choice under risk requires knowledge of beliefs and preferences. A variety of methods have been proposed … to elicit peoples’ beliefs. The efficacy of alternative methods, however, has not been rigorously documented. Herein we … use an experiment to test whether an induced probability can be recovered using an elicitation mechanism based on peoples …
Persistent link: https://www.econbiz.de/10005678152
In this paper the authors focus on credit connections as a potential source of systemic risk. In particular, they seek to answer the following question: how do we find densely connected subsets of nodes within a credit network? The question is relevant for policy, since these subsets are likely...
Persistent link: https://www.econbiz.de/10009731380
Countries agreeing to Euro-Mediterranean Partnership show different levels of development, so that they are far from converging in per capita GDP growth rates. As shown by literature, an important role in growth can be played by foreign direct investment (FDI). Beta and Sigma approaches to...
Persistent link: https://www.econbiz.de/10010878168
In this paper the authors focus on credit connections as a potential source of systemic risk. In particular, they seek to answer the following question: how do we find densely connected subsets of nodes within a credit network? The question is relevant for policy, since these subsets are likely...
Persistent link: https://www.econbiz.de/10010954751
The study presents the results of a study of the level of development of the main territorial communities in the country – municipalities, districts, planning regions, for the period 2003-2004 and on this base the differences between them are identified. The necessity of a study of the...
Persistent link: https://www.econbiz.de/10005385124
The present study explores the relationship between a group of shares exchanged in the Istanbul Stock Exchange and inflation, exchange rate and interest rates. In particular, the study aims to uncover the functional and canonical relations between these variables for the purpose of obtaining...
Persistent link: https://www.econbiz.de/10005385149
The aim of this article is to analyse the current situation and the short and mid term outlook of the maquila export industry in Mexico. The purpose is to carry out an analysis of quantitative economic conjuncture, by conveniently combining the necessary elements. Therefore, we have used an...
Persistent link: https://www.econbiz.de/10005017860