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Monetary incentives in the loss domain and behavior toward risk: An experimental comparison of three reward schemes including real losses

Etchart-Vincent, Nathalie; L'Haridon, Olivier - HAL - 2011

-to-implement procedure could be adequately used. For that purpose, the subjects' degree of risk aversion is compared across three payment …

Persistent link: https://www.econbiz.de/10011025585

Decision making over imprecise lotteries

Rébillé, Yann - HAL - 2005

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

Contribution of simulation and gaming to natural resource management issues: An introduction

Barreteau, O.; Page, C. Le; Perez, P. - HAL - 2007

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

Insurance demand under ambiguity and conflict for extreme risks : Evidence from a large representative survey

Dupont-Courtade, Théodora - HAL - 2012

that aims at separating attitudes toward risk, imprecision and conflict and at determining if there is a demand for … insurance and people are more willing to insure in a risky situation than in an ambiguous one. This certain taste for risk can … under risk than under ambiguity (embracing here imprecision and conflict), revealing that people consider ambiguous …

Persistent link: https://www.econbiz.de/10010635162

A theoretical framework for trading experiments

Soumare, Maxence; Andersen, Jørgen Vitting; Bouchard, … - HAL - 2012

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

FRETURB V3, A Policy Oriented Software of Modelling Urban Goods Movement

Routhier, Jean-Louis; Toilier, Florence - HAL - 2007

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

A range based Multi-Actor Multicriteria Analysis to incorporate uncertainty in stakeholder based evaluation processes

Baudry, Gino; Macharis, Cathy; Vallée, Thomas - HAL - 2014

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

Strict Liability, Capped Strict Liability, and Care Effort under Asymmetric Information

Mondello, Gérard - HAL - 2012

This paper compares the effectiveness of strict liability and capped strict liability regimes in an agency relationship among a regulatory agency and operators of risky activities. Under a double asymmetric information assumption (wealth and efficiency in care effort), it shows that capping...

Persistent link: https://www.econbiz.de/10010691384

Decision under risk : The classical Expected Utility model

Chateauneuf, Alain; Cohen, Michèle; Tallon, Jean-Marc - HAL - 2008

This chapter of a collective book aims at presenting the basics of decision making under risk. We first define notions … of risk and increasing risk and recall definitions and classifications (that are valid independently of any … representation) of behavior under risk. We then review the classical model of expected utility due to von Neumann and Morgenstern …

Persistent link: https://www.econbiz.de/10010738471

No-arbitrage, overlapping sets of priors and the existence of efficient allocations and equilibria in the presence of risk and ambiguity

Dana, Rose-Anne; Van, Cuong Le - HAL - 2009

The theory of existence of equilibrium with short-selling is reconsidered under risk and ambiguity modelled by risk … of the risk adjusted sets of expectations overlap. This condition is necessary if agents are not risk neutral at extreme … compatible trades, with non negative expected value with respect to any risk adjusted prior, strictly positive for some agent and …

Persistent link: https://www.econbiz.de/10010738543