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Generation Adjusted Discounting in Long-term Decision-making
Bayer, Stefan - 2000
Wir analysieren die Vorgehensweise bei der Diskontierung langfristiger Projekte. Unsere Untersuchungen zur reinen … formulation of an adjusted OLG-discounting method (GAD) of consumption units, taking into consideration intra- and …
Persistent link: https://www.econbiz.de/10009475364
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Sequential Search With Ordinal Ranks and Cardinal Values: An Infinite Discounted Secretary Problem
Palley, Asa Benjamin - 2009
We consider an extension of the classical secretary problem where a decision maker observes only the relative ranks of a sequence of up to N applicants, whose true values are i.i.d. U[0,1] random variables. Applicants arrive according to a homogeneous Poisson Process, and the decision maker...
Persistent link: https://www.econbiz.de/10009450709
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Bootstrap Markov chain Monte Carlo and optimal solutions for the Law of Categorical Judgment (Corrected)
Kochanski, Greg P; Rosner, Burton S. - 2010
sets simulated for Full Signal Detection Theory and its special cases of standard Signal Detection Theory and Complementary … Signal Detection Theory. …
Persistent link: https://www.econbiz.de/10009441534
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Design of Discrete Auction
Sujarittanonta, Pacharasut - 2010
Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...
Persistent link: https://www.econbiz.de/10009450772
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Risk Preferences Beyond Expected Utility Theory: Theoretical and Experimental Approaches
R?ger, Maximilian - 2011
preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … dependence compared to classical models of expected utility theory. It is shown that some empirical puzzles concerning … utility theory are met. It is shown that the methodological concerns are empirically relevant when a classification of …
Persistent link: https://www.econbiz.de/10009482308
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Frames of Mind in Intertemporal Choice
Loewenstein, George - 1988
expressed. Kahneman and Tversky's Prospect Theory (1979) explains many of these "framing" effects as shifts in the point of …
Persistent link: https://www.econbiz.de/10009441007
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Discounting the Distant Future: How Much Do Uncertain Rates Increase Valuations?
Newell, Richard G.; Pizer, William A. - 2001
,000 relative to conventional discounting. Applying the random walk model to the consequences of climate change, we find that …
Persistent link: https://www.econbiz.de/10009446677
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Discounting Nordhaus
Michl, Thomas R. - 2008
growth theory. Nordhaus argues that the Stern Review exaggerates the effects of global warming because it uses a discount … rate that is well below the market rate of return on capital. From the perspective of classical growth theory, Nordhaus … agents. The classical theory of growth interprets the market return to capital as a reflection of the property relations of …
Persistent link: https://www.econbiz.de/10009468160
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Intergenerational Discounting: A new Approach
Bayer, Stefan; Cansier, Dieter - 1998
adjusted OLG-discounting method of consumption units, taking into consideration intra- and intergenerational aspects. At the …
Persistent link: https://www.econbiz.de/10009475344
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Essays on corruption
Tarhan, Simge - 2009
University of Minnesota Ph.D. dissertation. July 2009. Major: Economics. Advisor: Larry E. Jones. 1 computer file (PDF); xii, 68 pages.
Persistent link: https://www.econbiz.de/10009462840