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Climate extreme events are constantly increasing. What is the effect of these potentially catastrophic events on insurance demand in Italy, with particular reference to the economic activities? Extreme precipitation events over most of the midlatitude land masses and over wet tropical regions...
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We adopt an `epistemic' interpretation of social decisions: there is an objectively correct choice, each voter receives a `noisy signal' of the correct choice, and the social objective is to aggregate these signals to make the best possible guess about the correct choice. One epistemic method is...
Persistent link: https://www.econbiz.de/10009001198
The paper discusses the utilization of social complexity studies to enhance our understanding on many social phenomena. The discussions brings the concept of uncertainty in almost everything of social realms and makes some points related to the empirical findings of the power-law distributions...
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For a number of statistical applications subjective estimates of some distributional parameters - or even complete densities are needed. The literature agrees that it is wise behaviour to ask only for some quantiles of the distribution; from these, the desired quantities are extracted. Quite a...
Persistent link: https://www.econbiz.de/10011087000
To estimate the mean sojourn time, a sample of Tilburg fair visitors was asked for the duration of their stay on the fair grounds. The longer a visitor's sojourn, the larger his/her probability of being interviewed will be; therefore, longer sojourn times will be overrepresented in the sample. As...
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