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Persistent link: https://www.econbiz.de/10013179190
This work is based on Prospect theory, which was developed by D. Kahneman and A. Tversky in 1979. This is one the most quoted and best-documented point of view in economic psychology. First of all, it replaces, once again, the notion of utility with value. But value is defined in terms of gains...
Persistent link: https://www.econbiz.de/10005154578
scale while important decisions regarding investments in financial asset are taken under uncertainty conditions. Thus, the … paper emphasizes the debate of the source, the nature and the dimension of this uncertainty, present in all phases where … both fundamental and technical analysis, gives to the concept of reducing uncertainty an objective character. But still …
Persistent link: https://www.econbiz.de/10005154581
experimentaly based, contributes to diminushing the uncertainty degree that influences decision making process. As a conclusion, in …
Persistent link: https://www.econbiz.de/10009416529
Uncertainty is given because we don’t know the nature state event. The company can only estimate the demand of … pay all the damages. Because of the adverse selection, the insurer meets uncertainty in every day life. It is well known …
Persistent link: https://www.econbiz.de/10009416751