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Evaluation of information bundles in engineering decisions
Klutke, Georgia-Ann (contributor) - 2004
This dissertation addresses the question of choosing the best information alternative in engineering decisions. The decision maker maximizes his expected utility under uncertainty where both the action he takes and the state of the environment determines the payoff earned. The decision maker...
Persistent link: https://www.econbiz.de/10009465093
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Der Einsatz von Virtual Reality in der touristischen Online-Kommunikation aus informationsökonomischer Perspektive
Herstell, Jan - 2008
Die Nutzung des Internet zur Vermarktung und zum Vertrieb von touristischen Produkten hat seit den neunziger Jahren ein rasantes Wachstum erfahren und dazu geführt, dass im Bereich des internetbasierten Tourismus eine besonders ausgeprägte Konkurrenzsituation zwischen den Anbietern...
Persistent link: https://www.econbiz.de/10009467439
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Essays on economics of information in environmental management.
Konishi, Yoshifumi - 2008
essay proposes a welfare valuation theory amenable to analyses in this context. The second essay proposes an empirical … strategy to implement the theory in practice, and demonstrates how policies may be misguided if regulators follow conventional … theory of green consumerism, which correctly accounts for asymmetric information and is consistent with empirical evidence …
Persistent link: https://www.econbiz.de/10009462877
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The landscape of international computing
Roche, E.M.; Goodman, S.E.; Chen, Hsinchun - 1992
theory, development theory and structuralism have all made contributions to understanding the effects of this global …
Persistent link: https://www.econbiz.de/10009431129
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A Decision-Theoretic Approach to Data Mining
Elovici, Yuval; Braha, Dan - 2003
In this paper, we develop a decision-theoretic frameworkfor evaluating data mining systems, which employ classification methods, in terms of their utility in decision-making. The decision-theoretic model provides an economic perspective on the value of â extracted knowledge,â in terms of its...
Persistent link: https://www.econbiz.de/10009431139
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Bubble geometry and chaotic pricing behaviour
Eves, Chris; Wright, Christopher; Jefferies, Rod - 2008
This paper is a deductive theoretical enquiry into the flow of effects from the geometry of price bubbles/busts, to price indices, to pricing behaviours of sellers and buyers, and back to price bubbles/busts. The intent of the analysis is to suggest analytical approaches to identify the...
Persistent link: https://www.econbiz.de/10009437953
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Econometrics issues in forward-looking monetary models
Mavroeidis, Sophocles; Hendry, David - 2002
Recently, single equation approaches for estimating structural models have become popular in the monetary economics literature. In particular, single-equation Generalized Method Moments estimators have been used for estimating forward-looking models with rational expectations. Two important...
Persistent link: https://www.econbiz.de/10009441413
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FORECASTING ACCURACY, RATIONAL EXPECTATIONS AND MARKET EFFICIENCY IN THE US BEEF CATTLE INDUSTRY
Schaefer, Matthew P.; Myers, Robert J. - 1999
Recent studies have tested whether futures prices respond to U.S. Department of Agriculture inventory reports in accordance with the efficient markets hypothesis. These studies use survey forecasts to identify the anticipated and unanticipated information contained in a report. However, this...
Persistent link: https://www.econbiz.de/10009443455
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Formacion de expectativas de precio en el sector hortofruticola exportador del sureste espanol
Gomez, Emilio Galdeano - 2001
RESUMEN: La diferencia temporal existente entre la planificación de la oferta y la demanda de productos agrarios, conlleva a que, tradicionalmente, en sectores como el de frutas y hortalizas cobren gran interés las teorías sobre formación de expectativas de precios. En las últimas décadas,...
Persistent link: https://www.econbiz.de/10009444108
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Greek meat supply response and price volatility in a rational expectations framework: A multivariate GARCH approach
Rezitis, Anthony N.; Stavropoulos, Konstantinos S. - 2009
This paper examines supply response models in a rational expectations framework for each one of the fourmajor Greek meat markets, i.e. beef, broiler, lamb and pork. A multivariate GARCH model with Choleskydecomposition is used to incorporate price volatility into the rational expectations supply...
Persistent link: https://www.econbiz.de/10009445967