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Making a decision is a complex process which must be based upon a method that is able to establish the optimum criteria … in choosing an alternative, in evaluating the main effects of implementing the decision which was taken and in estimating …
Persistent link: https://www.econbiz.de/10005790371
Decision making always and necessarily implies human actions, which, when facing an external event (information) must …
Persistent link: https://www.econbiz.de/10008544702
This paper deals with the use of the CAPM for capital budgeting purposes. Four different measures are deductively drawn from this model: the disequilibrium Net Present Value, the equilibrium Net Present Value, the disequilibrium Net Future Value, the equilibrium Net Future Value. While all of...
Persistent link: https://www.econbiz.de/10005055505
, services, capital, knowledge, and to a smaller extent, people. Under the conditions of the actual existence of risk and … uncertainty, the Fondamenta of decision will assume a deep knowledge and timely two media inside and outside, where economic … agents conducted their business and streamline actions and human decisions consisting not only in risk avoidance and removal …
Persistent link: https://www.econbiz.de/10008753086
It has been said that insurance is the last of the financial services to accept radical change (Denney [1995-1996]). Yet there has been a fundamental shift in the geographic location and in the organization of the reinsurance industry in the last six years (Chichilnisky [19966]). Global...
Persistent link: https://www.econbiz.de/10005260252
Complexity theory is designed to bring order out of a rough-and- tumble world, something close to every insurance professional's or actuary's heart. Whether applied in the laboratory or as part of a mathematical model, it can do wonderful things . But in the real world it's just what its name...
Persistent link: https://www.econbiz.de/10005789667
into the future. It proposes sound principles of risk management that make sense in today's society generally, going beyond … them, it deals with different aspects of the theory of risk-bearing. I explain current responses to global change, focusing …
Persistent link: https://www.econbiz.de/10005619688
In this paper I shall introduce a new method by which it is possible to study the dynamical decision maker's behaviour …
Persistent link: https://www.econbiz.de/10011258597
This article offers an approach to the general structure of the rhetoric in economy. In our case we adopted a perspective to study a particular aspect of the rhetoric that comes from the context of a particular controversy: the controversy on the advantages of the free commerce between Daly and...
Persistent link: https://www.econbiz.de/10009372536
It has been accepted for over 270 years that the expected monetary value (EMV)of the St Petersburg game is infinite. Accepting this leads to a paradox; no reasonable person is prepared to pay the predicted large sum to play the game but will only pay, comparatively speaking, a very moderate...
Persistent link: https://www.econbiz.de/10005790291