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This study contributes to the economic discounting debate by examining the welfare and policy implications of distorted time preferences for private investments. The analysis is applied to the energy industry, where it is of particular importance. In the transition to low-carbon energy...
Persistent link: https://www.econbiz.de/10013521173
Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital. While this ideal form of diversification can...
Persistent link: https://www.econbiz.de/10013520560
Einführung -- Downside-Risiko-Kriterien -- Downside-minimale Portfolios -- Downside-Restriktionen -- Downside-Effizienz -- Downside-orientierte Bewertung -- Downside-orientierte Portfolioabsicherung -- Zusammenfassung.
Persistent link: https://www.econbiz.de/10014019581
Themenmotivation und Gang der Untersuchung -- Grundlagen der Industrialisierung von Banken -- Grundlagen und Struktur des Modells -- Konkrete Modell-Umsetzung und Ergebnisse -- Zusammenfassung und Ausblick.
Persistent link: https://www.econbiz.de/10013516554
This book revises the well-known capacity control problem in revenue management from the perspective of a risk-averse decision-maker. Modelling an expected utility maximizing decision maker, the problem is formulated as a risk-sensitive Markov decision process. Special emphasis is put on the...
Persistent link: https://www.econbiz.de/10013520759
neuroeconomics, the book provides explanations of findings in neuroeconomics in chapters on prospect theory (a major decision theory … II Prospect Theory and Bounded Rationality -- 3 Economic Behavior Under Uncertainty -- 4 Prospect Theory -- 5 Bounded … Rationality -- Part III: Time-Discounting and Social Preferences -- 6 Intertemporal Behavior -- 7 Learning Theory and Experiments …
Persistent link: https://www.econbiz.de/10012397134
information (Kawagoe, Takizawa).-Part VI Behavioral Contract Theory -- 17 Moral Hazard and Other-Regarding Preferences(Itoh) -- 18 …
Persistent link: https://www.econbiz.de/10014017776
This new book examines the relationship between agency theory and executive pay. It argues that while Jensen and … standard agency theory has contributed to the problem of executive pay rather than solved it. The book explores why companies … revolutionary read for those researching corporate governance, HRM and organisation theory, this useful book offers potential …
Persistent link: https://www.econbiz.de/10012396051
This is the first book to investigate the pessimistic and optimistic perceptions of the future and their economic consequences, based on sound mathematical foundations. The book focuses on fundamental uncertainty (Knightian uncertainty), where the probability distribution governing uncertainty...
Persistent link: https://www.econbiz.de/10012397662
– etwa ganzen Unternehmen – und hoher Risikoaversion sehr hoch sein kann. …
Persistent link: https://www.econbiz.de/10014014628