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This paper shows results of comparison of the original theoretical conception of modeling human decisions under risk …: the expected-utility theory (von-Neumann, Morgenstern) and the asymmetric value function (Kahnemann, Tversky). While in …-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
changes in comercial insurable risk and financial decesion of enormous natural catastrophes in last decade. The traditional …
Persistent link: https://www.econbiz.de/10005036623
The authors of the article point out that the theory of economics has failed to yield a solid theoretical background in …
Persistent link: https://www.econbiz.de/10008752946
Our rapidly changing world has been challenging insurers to keep the pace. Given the qualitative changes in risk trends … conditions, careful risk selection and pricing, reinsurance, innovations, public private partnerships, or multi-source financing …
Persistent link: https://www.econbiz.de/10009021820
Persistent link: https://www.econbiz.de/10003950624
The paper concentrates on the description of the Czech institutions which provide credit support to small and medium-sized entrepreneurs, farmers and exporters. The paper analyses the operations of the Czech-Moravian Guarantee and Development Bank and the Support and Guarantee Agricultural and...
Persistent link: https://www.econbiz.de/10005079047
Práce se zabývá popisem českých institucí podporujících úvěry poskytované malým a středním podnikatelům, zemědělcům a vývozcům. Analyzovanými institucemi jsou Exportní garanční a pojišťovací společnost, Česká exportní banka, Českomoravská záruční a rozvojová...
Persistent link: https://www.econbiz.de/10005536996
The article contests an argument that the creation of a capital market in educational "human capital" and subsequent voluntary transactions on this market are sufficient to create equal opportunities in education, consequently reducing the income premium enjoyed by households with higher initial...
Persistent link: https://www.econbiz.de/10009294039
competing explanations of that fact, the human capital theory and the signaling theory. …
Persistent link: https://www.econbiz.de/10009398915
The aim of the paper is to apply a theory of asymmetric information to managing production risk in agriculture. The …
Persistent link: https://www.econbiz.de/10009401145