Showing 1 - 10 of 30
This paper analyses whether freedom of decision as a crucial precondition of normative deci-sion theory is questioned … decision as the necessary basis for handling ethical questions in business practice, rather then as a limitation to this end … plain determination on the one extreme and complete autonomy on the other. It supports the proposition in decision theory …
Persistent link: https://www.econbiz.de/10005649761
In this paper I shall introduce a new method by which it is possible to study the dynamical decision maker's behaviour …
Persistent link: https://www.econbiz.de/10011258597
the epistemic notions of unawareness and knowledge, we try to build a bridge between decision theory and epistemic logic …
Persistent link: https://www.econbiz.de/10009004843
This article offers an approach to the general structure of the rhetoric in economy. In our case we adopted a perspective to study a particular aspect of the rhetoric that comes from the context of a particular controversy: the controversy on the advantages of the free commerce between Daly and...
Persistent link: https://www.econbiz.de/10009372536
Orthodox decision theory gives no advice to agents who hold two goods to be incommensurate in value because such agents …, we aim to do two things: (1) show that there is a good case for revising decision theory so as to allow it to apply non …-vacuously to agents with incomplete preferences, and (2) to identify one substantive criterion that any such non-standard decision …
Persistent link: https://www.econbiz.de/10011108437
Motivated by a real-life situation, we put forward a model and then derive an optimal strategy that maximizes the expected real-estate selling price when one of the only two remaining buyers has already made an offer but the other one is yet to make. Since the seller is not sure whether the...
Persistent link: https://www.econbiz.de/10011109882
When we face a decision matter we do not face a frozen-time where all keep still while we are making a decision, but … give to the decision theory a new key so as to dene a more accurate mental path. In orther to do that we will need a …
Persistent link: https://www.econbiz.de/10011110459
This study establishes necessary conditions for Almost Stochastic Dominance criteria of various orders. These conditions take the form of restrictions on algebraic combinations of moments of the probability distributions in question. The relevant set of conditions depends on the relevant order...
Persistent link: https://www.econbiz.de/10011111091
How can a decision-maker assess the potential of environmental policies when a group of experts provides divergent …$-maxmin model in decision theory. In our framework, and consistent to the paper's empirical focus on renewable-energy R …\&D investment, experts' subjective probability distributions are allowed to be action-dependent. In addition, the decision maker …
Persistent link: https://www.econbiz.de/10011111312
It has been accepted for over 270 years that the expected monetary value (EMV)of the St Petersburg game is infinite. Accepting this leads to a paradox; no reasonable person is prepared to pay the predicted large sum to play the game but will only pay, comparatively speaking, a very moderate...
Persistent link: https://www.econbiz.de/10005790291