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In soccer penalty kicks, goalkeepers choose their action before they can clearly observe the kick direction. An analysis of 286 penalty kicks in top leagues and championships worldwide shows that given the probability distribution of kick direction, the optimal strategy for goalkeepers is to...
Persistent link: https://www.econbiz.de/10005621397
average participants provided with uncertainty information make better decisions than those without. Statistical analysis … uncertainty information took on average less response time compared to those who were shown a table with uncertainty information. …
Persistent link: https://www.econbiz.de/10011260548
uncertainty where the company is presented an investment opportunity with a certain cost and random benefit. The agent must decide …
Persistent link: https://www.econbiz.de/10011110142
This book presents a simple, yet very powerful, conceptual framework, which can be used to estimate market sizes, prices and their interdependency for new products based on historical market data for existing products in related areas. Even in situations where insufficient data is available the...
Persistent link: https://www.econbiz.de/10005789447
. This holds under ambiguity, but not in a comparison treatment under risk. …
Persistent link: https://www.econbiz.de/10011258993
wider context scrutinised to assess potential consequences. Current risk regulation and GM legislation is narrowly defined …
Persistent link: https://www.econbiz.de/10011260900
under uncertainty and imprecision risk. In the fifth part fuzzy probabilistic sets are applied for actuarial mathematics. …
Persistent link: https://www.econbiz.de/10011260964
attention has been devoted to understand how risk and uncertainty influence drivers’ behaviours in parking decision. This paper … risk and uncertainty. …
Persistent link: https://www.econbiz.de/10011266116
presence of risks and uncertainty – both in terms of certain externalities and indeterminacies which are capable of being … by regulators in identifying and assessing risk, problems arising from different perceptions of risk, and solutions aimed … at countering problems of risk regulation. It will approach these issues through an assessment of explanations put …
Persistent link: https://www.econbiz.de/10009223349
We present a new model of forward dynamic utilities. In doing so, we provide unique (viscosity) solutions. In addition, we introduce Hausdorff-continuous viscosity solutions to the portfolio model.
Persistent link: https://www.econbiz.de/10008633344