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In the real world, risky decisions are typically made after previous experiences, which include prior gains and losses … as well as descriptive decision and game theory have not provided yet a thorough theoretical treatment of these effects …. Therefore, this thesis develops first a theoretical fundament. It is based on the Cumulative Prospect Theory, which is extended …
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This paper distills and extends recent research on the economics of human development and social mobility. It summarizes the evidence from diverse literatures on the importance of early life conditions in shaping multiple life skills and the evidence on critical and sensitive investment periods...
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Finanzspekulation als Fehl-Alarm einzustufen: Wer den Hunger in der Welt wirksam bekämpfen will, muss realwirtschaftlich dafür Sorge … alarm: Those who desire to effectively combat hunger in the world have to take real-economy precautions to ensure that food …
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