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In this thesis we consider two comparative statics questions of changes in risk. The first question concerns situations … where an individual faces some risk and has no control over the uncertain environment. In these situations we ask what kind … of changes in risk will cause the individual's expected utility to increase. The second comparative statics question …
Persistent link: https://www.econbiz.de/10009484196
In this paper we study the production and pricing of a good by a single supplier (such as a monopolist or government … require discriminatory pricing. The primary focus here is on the pricing policy and whether it is possible to achieve the same … objective value with common pricing--where each individual acquiring the good pays the same price. We consider the case of …
Persistent link: https://www.econbiz.de/10009475657
In important conflicts such as wars and labor-management disputes, people typically rely on the judgment of experts to predict the decisions that will be made. We compared the accuracy of 106 forecasts by experts and 169 forecasts by novices about eight real conflicts. The forecasts of experts...
Persistent link: https://www.econbiz.de/10009439172
Previous literature has been critical of public participation practices, finding unimpressive application of public participation principles and low levels of public satisfaction. Ecosystem-based management generally involves mixed land ownerships, which adds considerable complexity to the...
Persistent link: https://www.econbiz.de/10009468709
.The absence of risk control and risk management can be destructive towards overallbusiness performance. Management skills are … on existing IT infrastructures. The need for a robust risk managementframework exists although many industry standard … propose a general reference framework thatdescribes an optimal project risk management process plan for IT projects …
Persistent link: https://www.econbiz.de/10009456001
The contribution deals with the relation between agricultural production and risk factors. This relation was studied in …. Risk is a natural companion of all business activities, risk cannot be excluded but its impact on the production can be … reduced. Risk can grow into a problem and its solution always involves higher expenses. …
Persistent link: https://www.econbiz.de/10011315914
individually to determine if they were effective in minimizing down side risk, and combined to determine if integration created … side risk in wheat and corn, but not significantly in soybeans. Marketing alternatives generally increase the up side … potential of gross revenue per acre, while doing little to minimize the down side risk. The integration of crop insurance …
Persistent link: https://www.econbiz.de/10009444001
interaction the trusting agent, in order to analyse the Risk, has to consider the possible likelihood of failure of the … from a set of probable trusted agents. In this paper, we propose a fuzzy risk based decision making system that would …
Persistent link: https://www.econbiz.de/10009434916
is obvious for the trusting peer to analyze the Risk beforehand that could be involved in dealing with a trusted peer in … of choosing a peer to interact with by analyzing the Risk that could be involved in dealing with each of the possible … which peer to interact with after analyzing the Risk that could be associated in dealing with each of them. …
Persistent link: https://www.econbiz.de/10009434921
assessments of risk and benefit. The results indicate that this relationship is consistent across a variety of products and … heuristic and subsequent judgments of risk and benefit. Recently, Song and Schwarz investigated the relationship between … differences in fluency and perceptions of risk. Their results suggested that fluency experiences influence risk perception through …
Persistent link: https://www.econbiz.de/10009447361