Showing 1 - 7 of 7
Since von Neuman and Morgenstern's (1944) contribution to game theory, the expected utility criterion has become the standard functional to evaluate risky prospects. Risky prospects are understood to be lotteries on a set of prizes. In which case a decision maker will receive a precise prize...
Persistent link: https://www.econbiz.de/10010750553
In the loss domain, both practical and ethical considerations rule out the systematic use of an incentive-compatible procedure involving real losses. The experimental study presented here aims at investigating whether some easier-to-implement procedure could be adequately used. For that purpose,...
Persistent link: https://www.econbiz.de/10011025585
Nowadays, computer-mediated simulations and games are widely used in the field of natural resource management (NRM). They have proved to be useful for various purposes such as supporting decisionmaking processes and training. First, the specificities of the NRM research field are highlighted....
Persistent link: https://www.econbiz.de/10008792580
This paper investigates how the general public behaves when confronted with low probability events and ambiguity in an insurance context. It reports the results of a questionnaire completed by a large representative sample of the French population that aims at separating attitudes toward risk,...
Persistent link: https://www.econbiz.de/10010635162
A general framework is suggested to describe human decision making in a certain class of experiments performed in a trading laboratory. We are in particular interested in discerning between two different moods, or states of the investors, corresponding to investors using fundemental investment...
Persistent link: https://www.econbiz.de/10010635200
This paper presents a land use and tour-based model for urban goods movement simulation. Three modules interact each other: a "delivery-pick-up model" including transport of goods between all the economic activities in the city; a "town management module", (transport of goods and raw material...
Persistent link: https://www.econbiz.de/10010820745
Increasing concerns about environmental and social impacts have made multicriteria analysis (MCA) increasingly popular in decision making processes. The present paper proposes a new methodology which allows taking into account multicriteria aspects, stakeholder's preferences and long time...
Persistent link: https://www.econbiz.de/10010821438