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TRUST OF MODERNITY, MODERNITY OF TRUST. CONSIDERATIONS AND RESEARCH HYPOTHESIS

CONTE, MASSIMO - EconWPA - 2005

NEED TO RECONSIDER OUR ACTIONS/DECISIONS WITH RISK AND TROUBLES, SO 'TRUSTING' IS GOING TO HAVE AN IMPORTANT ROLE AS … AND WE WONT TO AVOID THE RISK OF BEING DECEIVED. THESE SOCIAL INTERACTIONS ARE PRECONDITIONS THAT HAVE MANY CONSEQUENCES …

Persistent link: https://www.econbiz.de/10005126102

A language for the construction of preferences under uncertainty

LiCalzi, Marco - EconWPA - 2005

This paper studies a target-based procedure to rank lotteries that is normatively and observationally equivalent to the expected utility model. In view of this equivalence, the traditional utility-based language for decision making may be substituted with an alternative target-based language....

Persistent link: https://www.econbiz.de/10005118565

The Pearson system of utility functions

LiCalzi, Marco; Sorato, Annamaria - EconWPA - 2003

by embedding the HARA class in a four-parameter representation for the risk aversion function. The resulting utility …

Persistent link: https://www.econbiz.de/10005118574

RECOVERABLE COST: THE BASIS OF A GENERAL THEORY OF FINANCIAL ACCOUNTING MEASUREMENT

salvary, stanley c. w. - EconWPA - 2005

This paper addresses a very profound question concerning financial accounting. Is financial accounting measurement. as represented by diverse valuation rules. hodgepodge or is it logically developed? Salvary [1985. p.28. Chap. IV] advances and provides a theoretical development of the concept of...

Persistent link: https://www.econbiz.de/10005408116

Opinion Pooling under Asymmetric Information

Dietrich, Franz - EconWPA - 2004

If each member of a group assigns a certain probability to a hypothesis, what probability should the collective as a whole assign? More generally, how should individual probability functions be merged into a single collective one? I investigate this question in case that the individual...

Persistent link: https://www.econbiz.de/10005412461

Asymmetric loss utility: an analysis of decision under risk

Strashny, Alex - EconWPA - 2004

This paper develops a utility model for evaluating lotteries. In estimating utility, risk averse people use an … researchers to directly specify their attitudes toward risk. …

Persistent link: https://www.econbiz.de/10005118544

Asymmetric loss utility: an analysis of decision under risk

Strashny, Alex - EconWPA - 2004

This paper develops a utility model for evaluating lotteries. In estimating utility, risk averse people use an … model allows researchers to directly specify their attitudes toward risk. The model is advantageous for two reasons. First …

Persistent link: https://www.econbiz.de/10005118587

The Varieties of Subjectivism: Keynes and Hayek on Expectations

Butos, William N.; Koppl, Roger G. - EconWPA - 1995

issues of time and uncertainty in economics. The source of the difference between their economic ideas was the difference …

Persistent link: https://www.econbiz.de/10005076652

A More Realistic Endogenous Time Preference Model and the Slump in Japan

Harashima, Taiji - EconWPA - 2004

This paper presents a more realistic endogenous time preference model, incorporating the property that impatience decreases as consumption increases. The model overcomes a serious drawback of the existing model, which needs the assumption of increasing impatience. The new model is applied to the...

Persistent link: https://www.econbiz.de/10005076835

The Bad Government: A Source of Uncertainty and Business Fluctuations

Harashima, Taiji - EconWPA - 2004

Uncertainty represented by volatilities in equity markets has been observed to be time-variable and lead output … fluctuations. In the rational expectation framework, uncertainty with this nature needs exogenous variables with time … that supervisions and law enforcement that reduce cheatings in contracts is one of the ultimate sources of uncertainty. The …

Persistent link: https://www.econbiz.de/10005077043