In soccer penalty kicks, goalkeepers choose their action before they can clearly observe the kick direction. An analysis of 286 penalty kicks in top leagues and championships worldwide shows that given the probability distribution of kick direction, the optimal strategy for goalkeepers is to...

This book presents a simple, yet very powerful, conceptual framework, which can be used to estimate market sizes, prices and their interdependency for new products based on historical market data for existing products in related areas. Even in situations where insufficient data is available the...

In some earlier studies, as a response to the media debate during the hot summer of 2006, regarding Romania’s emigration as following the accession to the EU, we were saying that the fear of mass migration from Romania was not justified. Romania is not only a gateway for the East-West...

Information technologies in the postindustrial era require the companies to use new tools to be competitive within the high-velocity environment. One of the new tools they can use is business experiment. Full potential of business experiments rose with the evolution of information technologies....

The presented paper is a brief presentation of findings based on research lead on a group of small and medium businesses. The study has been made in conditions of global financial crisis and its effects, such as fall of production volumes in numerous companies. A number of indexes describing the...

The conduct of the monetary policy could be view as a series of decisions in which the objectives and tools are chosen. This paper explores some aspects of the strategic decisions of the monetary policy such as the roles played by central banks and other public authorities, the main constraints...

In the field of organizational behavior the dominant part of the authors deals with conflicts. But problems may also occur in case of compliance, which may cause the group does not decide effectively, often unanimously, and incorrectly. The aim of this paper is to summarize the theoretical...

The Analytic Hierarchy Process (AHP) is a method for multi – criteria decision making. It consists principally of three levels – Main Goal, Criteria and Alternatives. The Main Goal level can be extended into forces and actors influencing the decision making process, the Criteria level can be...

Experimental economics methods were used to assess public understanding of information in weather forecasts and test whether the participants were able to make better decisions using the probabilistic information presented in table or bar graph formats than if they are presented with a...