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stochastic utility. In this article we reassume the von Neumann and Mongernstern explanation to this paradox based on the risk … situational risk seeking behaviour of players under the boundary of survival). …
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and disadvantages. Further results and benefits of application of Monte Carlo simulation in risk analysis of investment …
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The paper focuses on possibilities of the qualitative risk analysis of a project, which appears scarcely in literature … compared to the more sophisticated techniques of risk analysis, such as simulations. Identified are elementary processes of … risk analysis ranging from the risk identification to the determination of significance of a risk factor by means of …
Persistent link: https://www.econbiz.de/10005036376
The core aim of this paper is to suggest comprehensive definition of the information economy and delineate the range of economic problems it deals with, paying particular attention to its connections to the economics of information. The text, in the extent provided, can not investigate...
Persistent link: https://www.econbiz.de/10005036629
This paper shows results of comparison of the original theoretical conception of modeling human decisions under risk …-Tversky purest agents do not buy insurance because of their liking for risk. The model of maximization of the probability of survival …
Persistent link: https://www.econbiz.de/10005673618
Economic growth of the Czech Republic strongly accelerated in the years 2005-2007. Substantial decline of economic activity took place at the end of 2008 and in the year 2009. On the supply side the main contributing factors were labour and total factor productivity. On the demand side the...
Persistent link: https://www.econbiz.de/10008509955