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The standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose the optimal distribution of outcomes. This assumes that the decision maker trusts the model completely. But what should a decision...
Persistent link: https://www.econbiz.de/10005696677
Voters today often desert a preferred candidate for a more viable second choice to avoid wasting their vote. Likewise, parties to a dispute often find themselves unable to agree on a fair division of contested goods. In <i>Mathematics and Democracy</i>, Steven Brams, a leading authority in the use of...
Persistent link: https://www.econbiz.de/10005696684
enforcement allowed the buildup of risks that ushered in the financial crisis of 2007-2009. Much can be done to create a better … system and prevent crises. Yet the lessons from the crisis have not been learned. Admati and Hellwig seek to engage the …
Persistent link: https://www.econbiz.de/10010681108
crisis. In this timely and important book, Peter Temin and David Vines argue that our current predicament is a catastrophe … argue that the financial collapse of the 1930s was an "end-of-regime crisis" in which the economic leader of the nineteenth … his intellectual journey. Today we are in the midst of a similar crisis, one in which the regime that led the world …
Persistent link: https://www.econbiz.de/10010681118
enforcement allowed the buildup of risks that ushered in the financial crisis of 2007-2009. Much can be done to create a better … system and prevent crises. Yet the lessons from the crisis have not been learned. Admati and Hellwig seek to engage the …
Persistent link: https://www.econbiz.de/10010681708
crisis. In this timely and important book, Peter Temin and David Vines argue that our current predicament is a catastrophe … argue that the financial collapse of the 1930s was an "end-of-regime crisis" in which the economic leader of the nineteenth … his intellectual journey. Today we are in the midst of a similar crisis, one in which the regime that led the world …
Persistent link: https://www.econbiz.de/10010681709
mortgage crisis had its origins, like many earlier banking crises, in a boom-bust economic cycle. Grossman finds that important …
Persistent link: https://www.econbiz.de/10011185606
Questions about the nature of money have gained a new urgency in the aftermath of the global financial crisis. Even as …
Persistent link: https://www.econbiz.de/10011093930
? Differences-in-differences analysis of a Depression-era banking crisis offers a response. Could arresting O. J. Simpson have saved …
Persistent link: https://www.econbiz.de/10011093931
? Differences-in-differences analysis of a Depression-era banking crisis offers a response. Could arresting O. J. Simpson have saved …
Persistent link: https://www.econbiz.de/10011093932