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A Shade of Philosophy or Kierkegaard and Spinoza

Hemelík, Martin - In: Acta Oeconomica Pragensia 2005 (2005) 5, pp. 86-101

The article sets out to reconstruct the Kierkegaard´s critique of the demonstrations of God´s existence by B. Spinoza … represented the metaphysical approaches to the question of the God´s existence. M. Hemelík inquires into a rightfulness of this … God´s existence is very remarkable and it contributes to the inquiry of metaphysical thinking about perfect being and …

Persistent link: https://www.econbiz.de/10005036318

To the Phenomenon of Inwardness by Kierkegaard and Heidegger

Hogenová, Anna - In: Acta Oeconomica Pragensia 2005 (2005) 5, pp. 102-113

In the article "To the Phenomenon of Inwardness by Kierkegaard and Heidegger" seeks to show the problem of authenticity of our life at a modern time. The levelling of our life from the existencial point of view creates in the thinking of both philosophersvery important and identical base of...

Persistent link: https://www.econbiz.de/10005036397

Poptávková funkce na trhu s pojištěním: porovnání maximalizace paretovské pravděpodobnosti přežití s teorií EUT von-Neumanna a Morgensterna a s prospektovou teorií Kahnemana a Tver...

Hlaváček, Jiří; Hlaváček, Michal - Institut ekonomických studií, Univerzita Karlova v Praze - 2006

This paper shows results of comparison of the original theoretical conception of modeling human decisions under risk with two well known models. In the paper the demand function for insurance is constructed for the model of maximization of the probability of agent’s (economical) survival. This...

Persistent link: https://www.econbiz.de/10005673618

Definition and topical problems of the information economy

Očko, Petr - In: Politická ekonomie 2005 (2005) 3, pp. 383-404

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

St Petersburg paradox and cardinal utility function

Hlaváček, Jiří; Hlaváček, Michal - In: Politická ekonomie 2004 (2004) 1, pp. 48-60

The St Petersburg paradox could be used as an extreme demonstration of the utility function cardinalisation in case of stochastic utility. In this article we reassume the von Neumann and Mongernstern explanation to this paradox based on the risk aversion expressed by the strict concavity of the...

Persistent link: https://www.econbiz.de/10005036631

Long-Term Memory and Its Evolution in Returns of Stock Index PX Between 1997 and 2009

Krištoufek, Ladislav - In: Politická ekonomie 2010 (2010) 4, pp. 471-487

Long-term memory processes have been extensively examined in recent literature as they provide simple way to test for predictabilty in the underlying process. However, most of the literature interprets the results of estimated Hurst exponent simply by its comparison to its asymptotic limit of...

Persistent link: https://www.econbiz.de/10008564633

State-Run Investment Funds: Major Institutional Investors on Global Financial Markets

Sedláček, Petr - In: Acta Oeconomica Pragensia 2010 (2010) 2, pp. 3-22

The article provides a basic description and taxonomy of sovereign wealth funds, rapidly gaining importance in the international monetary and financial systems. SFWs are pools of assets owned and managed directly or indirectly by governments to achieve specific objectives. Tentative estimates of...

Persistent link: https://www.econbiz.de/10008500686

Vield curve construction using government bonds in the Czech republic

Málek, Jiří; Radová, Jarmila; Štěrba, Filip - In: Politická ekonomie 2007 (2007) 6, pp. 792-808

The paper deals with yield curve construction methods using coupon bonds in Czech bond market. Generally, there are more possibilities how to approach this problem: bootstraping, splines, parametric functions. Due to the lack of tradable public bonds and due to the fact that existing bonds do...

Persistent link: https://www.econbiz.de/10005036582

Dynamic model of uncovered interest rate parity (theory and empirical verification in the transitive economies)

Durčáková, Jaroslava; Mandel, Martin; Tomšík, Vladimír - In: Politická ekonomie 2005 (2005) 3, pp. 291-304

The paper presents a dynamic approach to the theory of uncovered interest rate parity. It is examined the dynamic relation between the actual change in spot exchange rate and interest rate differential. Authors show the hypothesis of uncovered interest rate parity is based on an ex ante view and...

Persistent link: https://www.econbiz.de/10005036609

Relative version of the theory of purchasing power parity: problems of empirical verification

Mandel, Martin; Tomšík, Vladimír - In: Politická ekonomie 2008 (2008) 6, pp. 723-738

analysis are not very robust. This is explained by the authors as follows: existence of high transaction costs in an arbitrage …, existence of complementary goods and oligopoly structure of exports, and expected back reaction between exchange rate and …

Persistent link: https://www.econbiz.de/10008754973