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that aims at separating attitudes toward risk, imprecision and conflict and at determining if there is a demand for … ambiguous and extreme event risks. The data show a strong distinction between two aspects of the problem : the decision of … purchasing insurance and the willingness to pay. In the decision to insure, more than 25% of the respondents refuse to buy …
Persistent link: https://www.econbiz.de/10010635162
Framing effects occur when different descriptions of the same decision problem give rise to divergent decisions. They … becomes in decision contexts. Violations of extensionality may have rational grounds. Based on some ideas proposed by the … to formalize it first in the context of the Bolker–Jeffrey decision theory. Finally, we extend the previous analysis to …
Persistent link: https://www.econbiz.de/10008793259
Textbooks and manuals on management suggest that managers are heroes who deal with difficult problems of collective adaptation and change. American films are similarly built on the premise of a hero confronted with extremely difficult situations. What if this hero figure promoted for so long in...
Persistent link: https://www.econbiz.de/10010550433
the stakes of political competition, and therefore reduce the intensity of the conflict over political power. In …
Persistent link: https://www.econbiz.de/10010738862
mitigate ethnic conflict is then of primarily importance. This paper builds a simple model of decentralization as an … conflict only when those conditioning factors are controlled for. Furthermore, decentralization dampens all forms of ethnic …
Persistent link: https://www.econbiz.de/10008805092
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
inclination to choose one of the actions. Due to influence among players, the final decision of a player, i.e., his choice of one … influence another player with different inclination, and as a result of this influence, the decision of the player is closer to …
Persistent link: https://www.econbiz.de/10010549106
each agent is inclined to make a particular decision, but due to a possible influence of the others, his final decision may …
Persistent link: https://www.econbiz.de/10010605336
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
agent is inclined to make a particular decision, but due to a possible influence of the others, his final decision may be …
Persistent link: https://www.econbiz.de/10010898370