Narrow search
Showing 1 - 10 of 592
Cover Image
Problems of utility and prospect theories. A discontinuity of Prelec’s function
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2014
A possibility of the existence of a discontinuity of Prelec’s (probability weighting) function W(p) at the probability p = 1 is discussed. This possibility is supported by the Aczél–Luce question whether Prelec’s weighting function W(p) is equal to 1 at p = 1, by the purely mathematical...
Persistent link: https://www.econbiz.de/10011109059
Cover Image
Problems of utility and prospect theories. Certainty effect near certainty
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2014
A need for experiments on the certainty effect near the certainty (near the probability p = 1) is stated in this paper. The need supported by the Aczél–Luce question whether Prelec’s weighting function W(p) is equal to 1 at p = 1, by the purely mathematical restrictions and the...
Persistent link: https://www.econbiz.de/10011109350
Cover Image
Problems of utility and prospect theories. A ”certain-uncertain” inconsistency of the random-lottery incentive system
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2014
change (at least) the mathematical aspects of the utility and prospect theories. This is supported by a number of the … experiments of the utility and prospect theories, the choices of certain outcomes are stimulated by uncertain lotteries. Because … include the certain outcomes, cannot be unquestionably correct. The experiment of Starmer and Sugden (1991) evidently supports …
Persistent link: https://www.econbiz.de/10011112848
Cover Image
European Union Economy System Dynamic Model Development
Skribans, Valerijs - Volkswirtschaftliche Fakultät, … - 2012
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10011259562
Cover Image
Using sentiment to predict GDP growth and stock returns
Guzman, Giselle C. - Volkswirtschaftliche Fakultät, … - 2008
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10009647230
Cover Image
An inflation expectations horserace
Guzman, Giselle C. - Volkswirtschaftliche Fakultät, … - 2010
For decades, the academic literature has focused on three survey measures of expected inflation: the Livingston Survey, the Survey of Professional Forecasters, and the Michigan Survey. While these measures have been useful in developing models of forecasting inflation, the data are low frequency...
Persistent link: https://www.econbiz.de/10009647457
Cover Image
A Functional Imaging Study of Cooperation in Two-Person reciprocal Exchange
McCabe, Kevin; Houser, Daniel; Ryan, Lee; Smith, Vernon; … - Volkswirtschaftliche Fakultät, … - 2001
-of-mind processing with cooperative actions. We report data from a functional MRI experiment designed to test this hypothesis. Subjects …
Persistent link: https://www.econbiz.de/10005616998
Cover Image
Continuous Matching with Single Peaked Preferences
Flanders, Sam - Volkswirtschaftliche Fakultät, … - 2013
This paper derives several simple matching algorithms for special cases of a continuous two sided matching model where agents have single peaked preferences and face no costs or restrictions to matching. These algorithms allow matches to be computed as an explicit function of the parameters of...
Persistent link: https://www.econbiz.de/10011107671
Cover Image
Matching Markets with N-Dimensional Preferences
Flanders, Sam - Volkswirtschaftliche Fakultät, … - 2014
Abstract. This paper analyzes matching markets where agent types are n-vectors of characteristics--i.e. points in R^n --and agents prefer matches that are closer to them according to a distance metric on this set (horizontal preferences). First, given a few assumptions, I show that in the...
Persistent link: https://www.econbiz.de/10011110355
Cover Image
Do consumers make too much effort to save on cheap items and too little to save on expensive items? experimental results and implications for business strategy
Azar, Ofer H. - Volkswirtschaftliche Fakultät, … - 2009
The article presents an experiment that illustrates a behavior that I denote “relative thinking.” Subjects in the … experiment revealed the minimal price difference for which they were willing to spend 20 minutes and go to a cheaper store. Five … between the good’s price and their valuation of their time as it was reflected in their decisions. The experiment suggests …
Persistent link: https://www.econbiz.de/10008583579