Showing 1 - 6 of 6
Based on Hume's major philosophical works and on some of his Essays, this paper discusses formally the feasibility, from a Humean point of view, of a welfare policy which would aim at promoting the highest individual happiness whereas individual decisions, like individual happiness, are...
Persistent link: https://www.econbiz.de/10009226838
We develop an axiomatic approach to decision under uncertainty that explicitly takes into account the information … available to the decision maker. The information is described by a set of priors and a reference prior. We define a notion of … imprecision for this informational setting and show that a decision maker who is averse to information imprecision maximizes the …
Persistent link: https://www.econbiz.de/10010750380
La notion de transparence de l'information tend aujourd'hui à être considérée non seulement comme valeur éthique de l'entreprise mais plus concrètement comme sous-tendant la mise en œuvre d'une politique moderne de "Corporate Gouvernance".Il est donc particulièrement intéressant...
Persistent link: https://www.econbiz.de/10008790751
Drawing on passages in Book II of the Treatise of Human Nature (1739-40), in the Enquiry Concerning the Principles of Morals (1751), in the Dissertation on the Passions (1757), and in some of the Essays (1777), this paper is built upon Hume's distinction between three alternative valuations of...
Persistent link: https://www.econbiz.de/10008790949
Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental investigations. This may however raise an issue of sequentiality of effects as later choices may be influenced by earlier ones. This paper reports instead between-subject results on the...
Persistent link: https://www.econbiz.de/10008791266
Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental investigations. This may however raise an issue of sequentiality of effects as later choices may be influenced by earlier ones. This paper reports instead between-subject results on the...
Persistent link: https://www.econbiz.de/10008791715