Showing 1 - 10 of 28
: they consider that utilitarianism deals with 'utility' but disregards justice. Such an interpretation appears when they …
Persistent link: https://www.econbiz.de/10009367989
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
this theorem to explain the well-known problems of utility and decision theories, such as risk aversion, the underweighting …
Persistent link: https://www.econbiz.de/10010899454
utilitarianism to preferences utilitarianism and towards post-welfarist approaches is the following. Utility is defi-ned normatively …
Persistent link: https://www.econbiz.de/10010821180
New fast estimation methods stemming from control theory lead to a fresh look at time series, which bears some resemblance to "technical analysis". The results are applied to a typical object of financial engineering, namely the forecast of foreign exchange rates, via a "model-free" setting,...
Persistent link: https://www.econbiz.de/10008791958
We are settling a longstanding quarrel in quantitative finance by proving the existence of trends in financial time series thanks to a theorem due to P. Cartier and Y. Perrin, which is expressed in the language of nonstandard analysis (Integration over finite sets, F. & M. Diener (Eds):...
Persistent link: https://www.econbiz.de/10008792433
Model uncertainty, in the context of derivative pricing, can be defined as the uncertainty on the value of a contingent claim resulting from the lack of precise knowledge of the pricing model to be used for its valuation. We introduce here a quantitative framework for defining model uncertainty...
Persistent link: https://www.econbiz.de/10008792846
As we show using the notion of equilibrium in the theory of infinite sequential games, bubbles and escalations are rational for economic and environmental agents, who believe in an infinite world. This goes against a vision of a self regulating, wise and pacific economy in equilibrium. In other...
Persistent link: https://www.econbiz.de/10010821122
in the current design research. By contrast, in other fields such as Mathematics or Psychology, the notion of … approach. We consider the roots of constructivism in math- ematics, namely the Intuitionist Mathematics, in order to shed light … features of intuitionist constructivism is the intro- duction of incomplete objects into the heart of mathematics by means of …
Persistent link: https://www.econbiz.de/10010603632
La question de la dépendance aux produits pétroliers, notamment pour le secteur des transports, est aujourd'hui une préoccupation majeure. Comme indiqué dans le chapitre de prospective sur l'énergie fossile (Wingert+Hivert), les contraintes sur l'offre en ressources, et donc sur les prix,...
Persistent link: https://www.econbiz.de/10009220687