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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
A new approach is presented. It is based on a generalization of a breach of a term of contract and on the economic uncertainty principle. Problems, which can be solved, research fields, which can be augmented or created, and fields of applications in practical economy are reviewed. The role of...
Persistent link: https://www.econbiz.de/10005836335
rationed in the future. We will show that with these expectations, the optimal investment policy is to invest less in any given …
Persistent link: https://www.econbiz.de/10009372504
Keynes’s theory of a monetary economy and his liquidity preference theory of investment will be examined in order to …
Persistent link: https://www.econbiz.de/10008839509
decisions such as pricing, financing, and investment are thus made strategically rather than optimally. Heterodox economists are …
Persistent link: https://www.econbiz.de/10011110282
. 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
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 … forward to justify the growing importance of risks, well known risk theories such as cultural theory, risk society theory and …
Persistent link: https://www.econbiz.de/10009223349