This paper summarizes the major events in the recent history of modelling human decisions under risk. After presenting the basics of expected utility theory, the key pieces of evidence are described which showed that under certain circumstances, this theory is not descriptively valid. The most...

This paper pits expected utility theory and cumulative prospect theory against each other as regards their descriptive accuracy. Some older as well as newer pieces of evidence are described which show that under certain circumstances, expected utility theory is not descriptively valid. The most...

The article deals with the export credit promotion in the Czech Republic. The development and structure of Czech trade and export support is presented first and it is followed by the econometric analysis of the gravity model of Czech trade. The econometric results show that the credit support...

The article deals with the export credit promotion in the Czech Republic. The development and structure of Czech trade and export support is presented first and it is followed by the econometric analysis of the gravity model of Czech trade. The econometric results show that the credit support...

Czech Abstract: Navzdory všeobecnému přesvědčení, že vztah mezi státem a ekonomikou se začal podstatně měnit během Velké deprese ve 30. letech 20. století, můžeme vysledovat podstatné změny již o mnoho desítek let dříve. Jedním z příkladů je období tzv. bankovnictví...

The article deals with the export credit promotion in the Czech Republic. The development and structure of Czech trade and export support is presented first and it is followed by the econometric analysis of the gravity model of Czech trade. The econometric results show that the credit support...

The article surveys the establishment of a legislative framework providing for banking regulation in Czechoslovakia during 1918?1938. The state intervened in bank sanitation twice during economic recessions in the early 1920s and 1930s. The shocks resulted in the adoption of banking laws to...

This paper analyses various approaches to dealing with problematic assets of the banking sector. These approaches include the establishment of an asset management company, capital injection and sale of the bank, purchase and assumption transactions, liquidation or bridge bank. All these...