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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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Kombilohn oder Mindestlohn? : eine Untersuchung anhand eines Arbeitsmarktmodells mit monopsonistischer Konkurrenz
Bleibtreu, Christopher - 2008
Die Arbeit untersucht und vergleicht die Wirkung von Mindest- und Kombilöhnen (Lohnkostenzuschüsse und Transferzahlungen an Arbeitnehmer) in einem Arbeitsmarktmodell mit monopsonistischer Konkurrenz und freiem Marktzutritt für Firmen. Es wird die Wirkung beider Instrumente auf die Nutzen der...
Persistent link: https://www.econbiz.de/10009471844
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Der Aktienanteil im Portfolio des Privatanlegers: Der Einfluss der Anlagedauer auf die strategische Asset Allokation des Investors mit konstanter relativer Risikoaversion
Klo?, Stefan - 2004
den erwarteten Nutzen des Endverm?gens bei einer Nutzenfunktion mit konstanter relativer Risikoaversion. Das Endverm …
Persistent link: https://www.econbiz.de/10009482336
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A primer on mathematical modelling in economics
Rai, Birendra K.; So, Chiu Ki; Nicholas, Aaron - 2010
The Commission on Graduate Education in Economics had raised several concerns regarding the role of mathematics in graduate training in economics (Krueger, 1991; Colander, 1998, 2005). This paper undertakes a detailed scrutiny of the notion of a utility function to motivate and describe the common...
Persistent link: https://www.econbiz.de/10009483823
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A contribution to theory of utility functions
Vaněčková, Eva - 2012
The paper deals with two specific types of utility functions displaying decision maker's risk aversion at expressing the utility of monetary values. These functions are following: w(c) = 1 – e-x/R, u(x) = ln(x + R), where x is a monetary value and R is a constant expressing the degree of risk...
Persistent link: https://www.econbiz.de/10011316056
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A Methodological Case Study on the Theory of Demand
Müller, Olaf L. - 2005
My philosophical case study concerns textbook presentations of the theory of demand. Does this theory contain anything …. But then, the theory implies false factual claims. We can avoid this result by embracing the theory’s normative character … of physics by Oliver Timmer. Applying his ideas to the theory of demand reveals that the statements of this discipline …
Persistent link: https://www.econbiz.de/10009467037
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Employing Travel Time to Compare the Value of Competing Cultural Organizations
Boter, Jaap; Rouwendal, Jan; Wedel, Michel - 2005
A number of studies have applied non-market valuation techniques to measure the value of cultural goods. Virtually all of these studies are single case applications and rely mostly on stated preferences, such as contingent valuation techniques. We compare the relative value of multiple,...
Persistent link: https://www.econbiz.de/10009477025
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What is good work? Different aspects of labor contracts in theory and experiment
Bleich, Sabrina - 2009
"Good work" is interpreted from an employer's and a worker's viewpoint. An economic experiment on the existence of … their duration is subject of a second theoretical model. An experiment yields further insights to this topic. …
Persistent link: https://www.econbiz.de/10009434478