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Information and Communication Technology (ICT) affects to a great extent the output and productivity growth. Evidence suggests that investment growth in ICT has rapidly accelerated the TFP (total factor productivity) growth within the European Union. Such progress is particularly essential for...
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Successful economic development is a process of successive upgrading. As nations develop, they progress in terms of their characteristic competitive advantage and modes of competing.
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The behaviour of the economic agent – customer is a rational type of behaviour in order to maximize the satisfaction achieved through the use of commodities. In order to determine a rational behaviour, we start from the premise that every costumer has complete and accurate information on: the...
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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