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Entscheidungsfreiheit als Grundlage wirtschaftswissenschaftlicher Forschung
Küpper, Hans-Ulrich - Volkswirtschaftliche Fakultät, … - 2006
This paper analyses whether freedom of decision as a crucial precondition of normative deci-sion theory is questioned … plain determination on the one extreme and complete autonomy on the other. It supports the proposition in decision theory … Entscheidungstheorie durch Ethik und Neurobiologie in Frage gestellt wird. Nach dem in ihm entwickelten Verständnis von Unternehmensethik …
Persistent link: https://www.econbiz.de/10005649761
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A neo bayesian foundation of the maximin value for two-person zero- sum games
Hart, Sergui; Modica, Salvatore; Schmeidler, David - University of Bonn, Germany - 1991
Persistent link: https://www.econbiz.de/10005032096
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Evolution,learning and economic behaviour
Selten, Reinhard - University of Bonn, Germany
Persistent link: https://www.econbiz.de/10005032147
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Eliciting von Neumann-Morgenstern utilities when probabilities are distorted or unknown.
Wakker, P.P.; Deneffe, D. - 1996
. Thus the tradeoff method retains full validity under prospect theory, rank-dependent utility, and the combination of the … two, i.e., cumulative prospect theory. The tradeoff method is tested for monetary outcomes and for outcomes describing …
Persistent link: https://www.econbiz.de/10009460035
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Two-stage benchmarking as applied to small area estimation
Ghosh, Malay; Steorts, Rebecca - In: TEST: An Official Journal of the Spanish Society of … 22 (2013) 4, pp. 670-687
There has been recent growth in small area estimation due to the need for more precise estimation of small geographic areas, which has led to groups such as the U.S. Census Bureau, Google, and the RAND corporation utilizing small area-estimation procedures. We develop a novel two-stage...
Persistent link: https://www.econbiz.de/10010994266
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The impact of cognitive biases on capital investments
Serfas, Sebastian - In: Metrika 21 (2011) 4, pp. 427-446
A large body of research shows that cognitive biases—unconscious mental errors caused by simplified information processing strategies—distort decision making in a variety of situations. This article demonstrates that these biases are also highly relevant with regard to decisions in a capital...
Persistent link: https://www.econbiz.de/10010995164
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Estimating the ratio of two scale parameters: a simple approach
Bobotas, Panayiotis; Iliopoulos, George; Kourouklis, Stavros - In: Annals of the Institute of Statistical Mathematics 64 (2012) 2, pp. 343-357
Persistent link: https://www.econbiz.de/10010848664
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Moment conditions for Almost Stochastic Dominance
Guo, Xu; Post, Thierry; Wong, Wing-Keung; Zhu, Lixing - In: Economics Letters 124 (2014) 2, pp. 163-167
This study establishes necessary conditions for Almost Stochastic Dominance criteria of various orders. These conditions take the form of restrictions on algebraic combinations of moments of the probability distributions in question. The relevant set of conditions depends on the relevant order...
Persistent link: https://www.econbiz.de/10010933305
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An asymptotically minimax kernel machine
Ghosh, Debashis - In: Statistics & Probability Letters 95 (2014) C, pp. 33-38
Recently, a class of machine learning-inspired procedures, termed kernel machine methods, has been extensively developed in the statistical literature. In this note, we construct a so-called ‘adaptively minimax’ kernel machine. Such a construction highlights the limits on the...
Persistent link: https://www.econbiz.de/10010939471
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Value Orientation in Process Management
Buhl, Hans; Röglinger, Maximilian; Stöckl, Stefan; … - In: Business & Information Systems Engineering 3 (2011) 3, pp. 163-172
There is no doubt that at least since the 1990s process orientation has evolved into one of the central paradigms of organizational design. Since then, all process management subtasks have matured. Process management decisions, however, lack economic foundation. They are usually based on...
Persistent link: https://www.econbiz.de/10011001280