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We consider the problem of assessing the uncertainty of calibrated parameters in computable general equilibrium (CGE) models through the construction of confidence sets (or intervals) for these parameters. We study two different setups under which this can be done. The first one extends earlier...
Persistent link: https://www.econbiz.de/10005100806
To deal with the overfitting problems that occur when there are not enough examples compared to the number of input variables in supervised learning, traditional approaches are weight decay and greedy variable selection. An alternative that has recently started to attract attention is to keep...
Persistent link: https://www.econbiz.de/10005627152
This report defines a framework to evaluate and collect data on incidents and accidents occurring in hospitals and to create database at local and national level. Our goals are: 1) to provide a structure for thorough analysis within the hospitals that can be used with the already existing tools...
Persistent link: https://www.econbiz.de/10005079406
scale, both in terms of volume and visibility, requires a re-evaluation of standard risk management procedures. This report … provides managers with an invaluable risk-analysis grid specific to the food industry, which identifies the main risk factors … and undesirable outcomes associated with mega events. Once this is done, appropriate risk management strategies can be …
Persistent link: https://www.econbiz.de/10005079443
related to environmental risk factors, organizational risk factors and use of precautionary principle are discussed. Ce …
Persistent link: https://www.econbiz.de/10005838746
We elicit subjects' willingness to pay to reduce future risk. In our experiments, subjects are given a cash endowment … probability sessions, suggesting that this bias robustly persists in environments including both risk and future uncertainty, and …
Persistent link: https://www.econbiz.de/10004988529
In this report, we first develop a simplified example that illustrates the importance of considering the option ``waiting to invest'' when valuing an investment. This is followed by a short description of other options that could be embedded in an investment opportunity. In order to stress the...
Persistent link: https://www.econbiz.de/10005100465
The following project report is the first of a sequence which will focus on integrated risk management. This report … presents a conceptual model which goal is to define the concept of risk. This conceptual model integrates the definitions of … multiple domains having an interest in risk management. With the model, a terminology is proposed. This conceptual model is a …
Persistent link: https://www.econbiz.de/10005100486
This document deals with business processes performed by two or more trade partners. Companies expect many benefits from the integration of such processes: cost reduction, better access to their customers and suppliers, and even more flexible types of interactions. However, the integration of...
Persistent link: https://www.econbiz.de/10005100491
classical studies on voluntary contributions to public goods. The Nash equilibrium, under the assumption of risk neutrality …
Persistent link: https://www.econbiz.de/10005100545