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On dynamic Knightian uncertainty models : time-consistency and optimal behavior
Bier, Monika - 2009
describes an alternative description of time-consistent sets in the special framework of finite decision trees. It shows how the …Diese Arbeit beschäftigt sich mit drei verschiedenen Fragestellungen bezüglich Zeitkonsistenz unter der Annahme von …
Persistent link: https://www.econbiz.de/10009452489
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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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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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TRADE POLICY AND TIME CONSISTENCY IN AN OLIGOPSONISTIC WORLD MARKET
Gervais, Jean-Philippe; Lapan, Harvey E. - 1998
This paper investigates the strategic behavior between countries that have purchasing power on the world market for a certain good. Tariffs and quotas are not equivalent protection instruments in this oligopsonistic market. Policy active importers would be better off by colluding and setting...
Persistent link: https://www.econbiz.de/10009443115
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Essays in International Macroeconomics
Liu, Xuan - 2007
This dissertation consists of two essays in international macroeconomics. Thefirst essay shows that optimal fiscal and monetary policy is time consistent in astandard small open economy. Further, there exist many maturity structuresof public debt capable of rendering the optimal policy time...
Persistent link: https://www.econbiz.de/10009475504
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Estimation of Expected Returns, Time Consistency of A Stock Return Model, and Their Application to Portfolio Selection
Ma, Huaqiang - 2010
the numeraire portfolio pricing method provides a good estimator for the expected return.The modern portfolio theory is …
Persistent link: https://www.econbiz.de/10009450698
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Merging of opinions under uncertainty
Bier, Monika; Engelage, Daniel - 2010
We consider long-run behavior of agents assessing risk in terms of dynamic convex risk measures or, equivalently, utility in terms of dynamic variational preferences in an uncertain setting. By virtue of a robust representation, we show that all uncertainty is revealed in the limit and agents...
Persistent link: https://www.econbiz.de/10009452571
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Characterization of time-consistent sets of measures in finite trees
Bier, Monika - 2010
In this paper we give an alternative characterization for time-consistent sets of measures in a discrete setting. For each measure \mathbb{P} in a time-consistent set \mathcal{P} we get a distinct set of predictable processes which in return decribe the \mathbb{P} uniquely. This implies we get a...
Persistent link: https://www.econbiz.de/10009452573
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Production cost models with regard to liberalised electricity markets
Martinez Diaz, David José - 2008
This book makes a contribution to the formulation and implementation of production cost models for the modelling of liberalized electricity markets by addressing issues associated with the level of detail in the representation of the underlying power system, the accuracy of the results and the...
Persistent link: https://www.econbiz.de/10009434465
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Intelligent Business Process Optimization for the Service Industry
Kress, Markus - 2010
excellence has become a key issue. This book introduces a novel approach focusing on the autonomous optimization of business … Optimization. …
Persistent link: https://www.econbiz.de/10009434602