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Economic effects of mobile technologies on operations of sales agents

Pichtchoulov, Grigori; Richter, Knut - 2005

In the presented paper we introduce an approach to assess particular economic effects which may arise with bringing mobile technologies into the field of sales and distribution. The research problem posed here comprises quite a special case where sales operations of a company are carried by its...

Persistent link: https://www.econbiz.de/10010297230

The Stochastics of Threshold Accepting: Analysis of an Application to the Uniform Design Problem

Winker, Peter - 2005

Threshold Accepting (TA) is a powerful optimization heuristic from the class of stochastic local search algorithms. It has been applied successfully to different optimization problems in statistics and econometrics, including the uniform design problem. Using the latter application as example,...

Persistent link: https://www.econbiz.de/10010297264

The Demand for Insurance: Expected Utility Theory from a Gain Perspective

Nyman, John A. - 2001

Expected utility theory holds that the demand for insurance is a demand for certainty, because under the conventional … specification of the theory, it appears as if buyers of insurance prefer certain losses to actuarially equivalent uncertain ones … paper attempts to reconcile expected utility theory with this empirical evidence by suggesting that insurance is demanded to …

Persistent link: https://www.econbiz.de/10010263364

Vector expected utility and attitudes toward variation

Siniscalchi, Marciano - 2008

This paper proposes a model of decision under ambiguity deemed vector expected utility, or VEU. In this model, an uncertain prospect, or Savage act, is assessed according to (a) a baseline expected-utility evaluation, and (b) an adjustment that reflects the individual's perception of ambiguity...

Persistent link: https://www.econbiz.de/10010266297

Non-Bayesian testing of a stochastic prediction

Dekel, Eddie; Feinberg, Yossi - 2005

We propose a method to test a prediction of the distribution of a stochastic process. In a non-Bayesian non-parametric setting, a predicted distribution is tested using a realization of the stochastic process. A test associates a set of realizations for each predicted distribution, on which the...

Persistent link: https://www.econbiz.de/10010272320

Numerical solution of boundary value problems for stochastic differential equations on the basis of the Gibbs sampler

Prigarin, Sergej M.; Winkler, Gerhard - 2003

To solve boundary value problems for linear systems of stochastic differential equations we propose and justify a numerical method based on the Gibbs sampler. In contrast to the technique which yields for linear systems an "exact" numerical solution, the proposed method is simpler to generalize...

Persistent link: https://www.econbiz.de/10010277237

Core and Equilibria under ambiguity

De Castro, Luciano I.; Pesce, Marialaura; Yannelis, … - 2011

This paper introduces new core and Walrasian equilibrium notions for an asymmetric information economy with non-expected utility preferences. We prove existence and incentive compatibility results for the new notions we introduce.

Persistent link: https://www.econbiz.de/10010282910