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

salvary, stanley c. w. - EconWPA - 2005

) the concept of recovery underlying the investment decision and (b) the distinction between decision theory and measurement …

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 asymmetric loss function. Expected utility is seen as a special case that is a good approximation in some cases. The model resolves several paradoxes and makes easily falsifiable...

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 asymmetric loss function. Expected utility is seen as a special case that is a good approximation of the general case in some cases. The model resolves several paradoxes and makes...

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

Recognizing Investment Opportunities at the Onset of Recoveries

Fioretti, Guido - EconWPA - 2002

Investment decision-making is modeled by means of a Kohonen neural net, where neurons represent firms. This is done in …

Persistent link: https://www.econbiz.de/10005076670

Neural correlates of the affect heuristic during brand choice

Plassmann, Hilke; Kenning, Peter; Deppe, Michael; … - EconWPA - 2005

In this working paper it is investigated how affect and cognition interact in consumer decision making. The research … brand choice immediately when the decision is computed in the test person’s brain. In a neuroscientific experiment test … persons perform binary decision-making tasks between different brands of the same product class. The results suggest that the …

Persistent link: https://www.econbiz.de/10005125573

Evidence Theory: A Mathematical Framework for Unpredictable Hypotheses

Fioretti, Guido - EconWPA - 2002

be conceived by a decision-maker. Many of its findings exhibit striking similarities with an alternative decision theory … novelties appear. An application to decision-making in the biotech and pharmaceutical industry illustrates the potentialities of …

Persistent link: https://www.econbiz.de/10005125582

Ideologies, Beliefs, and Economic Advice - A Cognitive- Evolutionary View on Economic Policy-Making

Slembeck, Tilman - EconWPA - 2000

Economists often perceive the “ideological beliefs“ held by political actors as obstacles to rational policy-making. In contrast, it is argued that ideologies have characteristics that appear desirable in policy- making in that they allow political actors to credibly commit themselves to...

Persistent link: https://www.econbiz.de/10005556964

Knowledge and Structure

Fioretti, Guido - EconWPA - 2002

This article presents a formalization of knowledge based on a connectionist model of a firm's structure. Transaction costs are not ignored, but integrated with the knowledge-based approach. A numerical example on the canonical comparison of "Japanese" versus "American" organizational structures...

Persistent link: https://www.econbiz.de/10005561473

Judging Social Welfare Policy with the Solving of the Bargaining Problem

Mullat, Joseph E. - EconWPA - 2001

Current analysis addresses an apparently critical issue of wealth circulation in the society. We try to play a game with the welfare- related burden of taxation. Thus, the Negotiator No.1 stands up for citizens legal and moral rights to social services. The Negotiator No.2 proceeds from the...

Persistent link: https://www.econbiz.de/10005125988