In this paper we develop the theory of uncertainty in a context where the risks assumed by the individual are measurable and manageable. We primarily use the definition of lottery to formulate the axioms of the individual's preferences, and its representation through the utility function von...

This paper will develop the half variance approach,identifying the expected utility functions that can be expressed in terms of the expected value and standard deviation. We study the stochastic dominance to determine the conditions required by the ordering of lotteries when they are probability...

We study a two-stage choice problem, where alternatives are allocations between the decision maker (DM) and a passive recipient. The recipient observes choice behavior in stage two, while stage one choice is unobserved. Choosing selfishly in stage two, in the face of a fairer available...

The study here reviews the institutional structure of the Sudanese government. Truly, though it is stigmatized as totalitarian, the structure is phenotypically perfect. Ministry of Ministries council is supposed to cater for analyzing data concerning ministries performance, drawing strategic...

In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions interdependent (strategic communication). Schelling's originality...

”Decision making always and necessarily implies human actions, which, when facing an external event (information) must identify the event’s future status and set up the potential action ways leading to suggested goal accomplishment”

The contents of this paper I will try to address all those interested in studying the system of franchising, both theoreticians and practitioners in this field to contribute to the progress of this system in our country. Franchising is a reality in motion which will write more, being on time to...

Uncertainty means partially or totally knowing the probabilities to accomplish an action’s potential results.

I develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz, Meier, and Schipper (2006, 2008, 2009) as primitives in the Anscombe-Aumann approach to subjective expected utility. I observe that a decision maker is unaware of an event if and...

This paper we seek to develop a knowledge transfer model from knowledge economic theory. Knowledge transfer is accepted as the end of the cycle in the knowledge process it is therefore important to have a knowledge transfer model from existing knowledge economic theory. Endeavoring to build this...