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Innovation and Information Acquisition Under Time Inconsistency and Uncertainty
Chemarin, Sophie; Orset, Caroline - Centre Interuniversitaire sur le Risque, les Politiques … - 2008
We propose to analyse the hyperbolic discounting preferences effect on the innovator's research investment decision. Investing in research allows him to acquire information, and then to reduce the uncertainty of the risks of his project. We find that whatever the innovator's preferences, that is...
Persistent link: https://www.econbiz.de/10005015222
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Health Care Workers' Risk Perceptions of Personal and Work Activities and Willingness to Report for Work During an Influenza Pandemic
Dionne, Georges; Desjardins, Denise; Lebeau, Martin; … - Centre Interuniversitaire sur le Risque, les Politiques … - 2014
The ability and willingness of health care workers to report for work during a pandemic are essential to pandemic response. The main contribution of this article is to examine the relationship between risk perception of personal and work activities and willingness to report for work during an...
Persistent link: https://www.econbiz.de/10010764075
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Learning and Technology Progress in Dynamic Games
Mirman, Leonard J.; Santugini, Marc - Centre Interuniversitaire sur le Risque, les Politiques … - 2012
We study investment and consumption decisions in a dynamic game under learning. To that end, we present a model in which agents not only extract a resource for consumption, but also invest in technology to improve the future stock. At the same time, the agents learn about the stochastic process...
Persistent link: https://www.econbiz.de/10010661508
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A Dynamic Game of Emissions Pollution with Uncertainty and Learning
Masoudi, Nahid; Santugini, Marc; Zaccour, Georges - Centre Interuniversitaire sur le Risque, les Politiques … - 2015
We introduce learning in a dynamic game of international pollution, with ecological uncertainty. We characterize and compare the feedback non-cooperative emissions strategies of players when the players do not know the distribution of ecological uncertainty but they gain information (learn)...
Persistent link: https://www.econbiz.de/10011120284
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The Climate Change Learning Curve
Leach, Andrew J. - Institut d'Économie Appliquée, HEC Montréal (École … - 2004
The key element in the tension between those who believe climate change is an issue and those who do not is essentially the question of whether we are merely in a long period of shock-induced above average temperatures or if we have led to this increase in temperatures by anthropogenic carbon...
Persistent link: https://www.econbiz.de/10005784554
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Contracting for innovation under knightian uncertainty
AMARANTE, Massimiliano; GHOSSOUB, Mario; PHELPS, Edmund - Département de Sciences Économiques, Université de … - 2012
probabilities on the new states. The agents in the economy are classified with respect to their attitude towards this Ambiguity: the … financiers are (locally) Ambiguity-seeking while the consumers are Ambiguity-averse. An entrepreneur and a financier come together … contracting problem does not fall within the standard theory due to the presence of Ambiguity (on the financier’s side) and to the …
Persistent link: https://www.econbiz.de/10010933661
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What is Ambiguity?
AMARANTE, Massimiliano - Centre Interuniversitaire de Recherche en Économie … - 2014
The concept of Ambiguity designates those situations where the information available to the decision maker is …-expected utility models hanging on a shaky ground. In particular, it leaves unanswered basic questions such as: (1) Does Ambiguity … Utility (SEU) in the presence of Ambiguity?, and (4) If so, what kind of behavior should emerge in the presence of Ambiguity …
Persistent link: https://www.econbiz.de/10010927917
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Contracting for Innovation under Knightian Uncertainty
Amarante, Massimiliano; Ghossoub, Mario; Phelps, Edmund - Centre Interuniversitaire de Recherche en Économie … - 2012
probabilities on the new states. The agents in the economy are classified with respect to their attitude towards this Ambiguity: the … financiers are (locally) Ambiguity-seeking while the consumers are Ambiguity-averse. An entrepreneur and a financier come … contracting problem does not fall within the standard theory due to the presence of Ambiguity (on the financier’s side) and to the …
Persistent link: https://www.econbiz.de/10010616508
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What is ambiguity?
AMARANTE, Massimiliano - Département de Sciences Économiques, Université de … - 2014
The concept of Ambiguity designates those situations where the information available to the decision maker is …-expected utility models hanging on a shaky ground. In particular, it leaves unanswered basic questions such as: (1) Does Ambiguity … Utility (SEU) in the presence of Ambiguity?; and (4) If so, what kind of behavior should emerge in the presence of Ambiguity …
Persistent link: https://www.econbiz.de/10011186226
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Bayesian Inference and Model Comparison for Random Choice Structures
McCausland, William J.; Marley, A.A.J. - Centre Interuniversitaire de Recherche en Économie … - 2013
We complete the development of a testing ground for axioms of discrete stochastic choice. Our contribution here is to develop new posterior simulation methods for Bayesian inference, suitable for a class of prior distributions introduced by McCausland and Marley (2013). These prior distributions...
Persistent link: https://www.econbiz.de/10010687592