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A dynamic model of investor decision-making : how adaptation to losses affects future selling decisions
Lee, Carmen; Kräussl, Roman; Lucas, André; Paas, … - 2008
performance, together influence the decision to hold on to or to capitulate on an investment. We study the relative contribution … decision to capitulate an investment, however, only depends directly on the expectation about the stock’s future performance …. The adaptation level, by contrast, affects the actual investment decision indirectly via its impact on expectations. …
Persistent link: https://www.econbiz.de/10011377365
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Why does centralisation fail to internalise policy externalities?
Dur, Robert A. J.; Roelfsema, Hein J. - 2003 - Rev.
We provide an explanation why centralisation of political decision makingresults in overspending in some policy domains …
Persistent link: https://www.econbiz.de/10011326940
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Innovation dynamics in space : local actors and local factors
Kangasharju, Aki; Nijkamp, Peter - 1997
This paper addresses the issue of technogenesis and its geographical pattern. It aims to offer both a general analysis framework and a test on innovation data from several European cities. This framework is mainly built on the product life-cycle and the incubation approach. On the basis of this...
Persistent link: https://www.econbiz.de/10010337320
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Wealth distribution, peasant production and poverty traps in African smallholder agriculture
Hoogeveen, Johannes - 1999
A model is developed for peasant households in land abundant areas who choose between two technologies for land preparation: a manual one and one using draught animals. For draught a minimum number of animals is required so that a technological non convexity exists. It follows that certain...
Persistent link: https://www.econbiz.de/10011453277
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Wealth distribution, peasant production and poverty traps in African smallholder agriculture
Hoogeveen, Johannes - 1999
Persistent link: https://www.econbiz.de/10001412179
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New tests of optimality in Markov decision processes
Lasserre, Jean B. - 1993
Persistent link: https://www.econbiz.de/10000151633
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Average reward optimality equation in Markov decision processes with a general state space
Tijms, Henk C. - 1993
Persistent link: https://www.econbiz.de/10000122534
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Axiomatizations of a positional power score and measure for hierarchies
Brink, René van den; Steffen, Frank - 2008
Persistent link: https://www.econbiz.de/10003811430
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Decision and strategies in a sequential search experiment
Sonnemans, Joep - 1997
works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …
Persistent link: https://www.econbiz.de/10011283474
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The realities of using "benefit transfers" in transport decision-making
Button, Kenneth John; Nijkamp, Peter - 1998
There is an increasing demand for transport decisions to be made in thelight of some form of what may generically be called cost benefit analysis(CBA). The actual techniques may vary and often deviate quite significantlyfrom the conventional economic concept of CBA but in all cases theprocedures...
Persistent link: https://www.econbiz.de/10011284076