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The principle of uncertain future: the probability of a future event contains an (hidden) uncertainty. The first … an uniform solution of the underweighting of high and the overweighting of low probabilities, of the Allais paradox, risk …
Persistent link: https://www.econbiz.de/10005835901
uncertainty principle. Problems, which can be solved, research fields, which can be augmented or created, and fields of …
Persistent link: https://www.econbiz.de/10005836335
. 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
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
trade is inevitably initiated or taken in circumstances of uncertainty and risk. There are sometimes situations where the … uncertainty is too high, making it virtually impossible because a decision or goal in itself or the way that it can achieve are … between risky situations and certain situations, but between different degrees of risk and different outcomes. …
Persistent link: https://www.econbiz.de/10008678277
directly to the consumer. Knowledge of diversity and specificity of their risk and individualization of possible areas requires …
Persistent link: https://www.econbiz.de/10008756311
The concept of unforeseen events is considered as a part of a hypothesis of uncertain future. The applications of the consequences of the hypothesis in utility and prospect theories are reviewed. Partially unforeseen events and their role in forecasting are analyzed. Preliminary preparations are...
Persistent link: https://www.econbiz.de/10011110243
The changing environment affects agriculture introducing sources of uncertainty. On the other hand, policies to cope … with risks may have strong impacts on the environment. We evaluate the effects of public risk management programmes, such …
Persistent link: https://www.econbiz.de/10011110478