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This book tries to sort out the different meanings of uncertainty and to discover their foundations. It shows that uncertainty can be represented using various tools and mental guidelines. Coverage also examines alternative ways to deal with risk and risk attitude concepts. Behavior under...
Persistent link: https://www.econbiz.de/10013520749
This textbook presents the basics of game theory both on an undergraduate level and on a more advanced mathematical … theory, including cooperative game theory. Part I presents introductions to all these topics on a basic yet formally precise … level. It includes chapters on repeated games, social choice theory, and selected topics such as bargaining theory, exchange …
Persistent link: https://www.econbiz.de/10012402169
This book presents the basics of game theory both on an undergraduate level and on a more advanced mathematical level …. It covers most topics of interest in game theory, including cooperative game theory. Part I presents introductions to all … these topics on a basic yet formally precise level. It includes chapters on repeated games, social choice theory, and …
Persistent link: https://www.econbiz.de/10013521003
Political and economic institutions are typically governed by committees that face the challenge to reconcile the preferences of their members. How should decision rules be designed to generate fair and sustainable agreements, for example if committee members represent groups of different sizes?...
Persistent link: https://www.econbiz.de/10013521312
in die auktionsbasierte nationale Reallokation von Treibhausgas-Emissionsrechten und Treibhausgas-Emissionsgutschriften auf Unternehmensebene -- Hintergrund der Treibhausgas-Emissionsrechte und Treibhausgas-Emissionsgutschriften -- Realproblem der Reallokation von Treibhausgas-Emissionsrechten...
Persistent link: https://www.econbiz.de/10013505185
Electricity is an essential commodity traded at power exchanges. Its price is very volatile within a day and over the year. This raises questions about the efficiency of the trading rules. The author develops a non-cooperative auction model analyzing the bidding behavior of producers at power...
Persistent link: https://www.econbiz.de/10013521093
Einführung -- Eine Entscheidungstheorie für zeitoptimale Entscheidungen -- Risikoneigung über Zielerreichungszeiten - Eine Analyse auf Basis der klassischen Zeitpräferenztheorie -- Risikoneigung über Zielerreichungszeiten - Eine Analyse auf Basis eines neuen St. Petersburg-Spiels --...
Persistent link: https://www.econbiz.de/10014425155
Tim Friehe analyzes important aspects for the design of tort law which intends to induce optimal individual choices and possible limitations of workable tort law in varied settings. He highlights the consequences of the consideration of hitherto neglected behavioral dimensions for the...
Persistent link: https://www.econbiz.de/10013521129
The scientific debate of recent years about option pricing with respect to fractional Brownian motion was focused on the feasibility of the no arbitrage pricing approach. As the unrestricted fractional market setting allows for arbitrage, the conventional reasoning is that fractional Brownian...
Persistent link: https://www.econbiz.de/10013521157
risky, what leads them to choose the risky alternative? The answer starts with a detailed review of the theory behind risk … risky, what leads them to choose the risky alternative? The answer starts with a detailed review of the theory behind risk … directors to analyse why they take risks, and how companies control risks. Integrating theory and evidence the book develops a …
Persistent link: https://www.econbiz.de/10013520690