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Probabilistic Choice as a Result of Mistakes
Mattsson, Lars-Göran; Weibull, Jörgen W. - 2000
for quantal response models in game theory. …
Persistent link: https://www.econbiz.de/10010335088
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Entscheidung als zeitliche Setzung: Über Narration, Fiktion, Erwartung und Zeitlichkeit in der Ökonomie
Priddat, Birger P. - 2014
Was in Märkten sich künftig ereignen wird, kann man nicht wissen, nur erwarten. Was man erwartet, wird in der Ökonomik probabilistisch eingearbeitet: als Risikoentscheidungen. Elena Esposito zufolge besteht unter Ökonomen aber ein fundamentales Missverständnis bezüglich der...
Persistent link: https://www.econbiz.de/10010464432
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Constructive decision theory
Blume, Lawrence E.; Easley, David; Halpern, Joseph Y. - 2009
Contemporary approaches to decision making describe a decision problem by sets of states and outcomes, and a rich set of acts: functions from states to outcomes over which the decision maker (DM) has preferences. Real problems do not come so equipped. It is often unclear what the state and...
Persistent link: https://www.econbiz.de/10010294014
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Deriving belief operators from preferences
Asheim, Geir B. - 2000
A belief operator derived from preferences is presented. It generalizes ‘belief with probability1’ to incomplete preferences and satisfies minimal requirements for belief operators under weak conditions.
Persistent link: https://www.econbiz.de/10010284299
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Buying online: Sequential decision making by shopbot visitors
Dulleck, Uwe; Hackl, Franz; Weiss, Bernhard; … - 2008
In this article we propose a two stage procedure to model demand decisions by customers who are balancing several dimensions of a product. We then test our procedure by analyzing the behavior of buyers from an Austrian price comparison site. Although in such a market a consumer will typically...
Persistent link: https://www.econbiz.de/10010294006
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Buying Online: Sequential Decision Making by Shopbot Visitors
Weiss, Bernhard; Dulleck, Uwe; Hackl, Franz; … - 2008
In this article we propose a two stage procedure to model demand decisions by customers who are balancing several dimensions of a product. We then test our procedure by analyzing the behavior of buyers from an Austrian price comparison site. Although in such a market a consumer will typically...
Persistent link: https://www.econbiz.de/10010294849
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Entscheidungsfreiheit als Grundlage wirtschaftswissenschaftlicher Forschung. Bezüge zwischen Betriebswirtschaftslehre, Ethik und Neurobiologie
Küpper, Hans-Ulrich - 2006
This paper analyses whether freedom of decision as a crucial precondition of normative deci-sion theory is questioned … plain determination on the one extreme and complete autonomy on the other. It supports the proposition in decision theory … Entscheidungstheorie durch Ethik und Neurobiologie in Frage gestellt wird. Nach dem in ihm entwickelten Verständnis von Unternehmensethik …
Persistent link: https://www.econbiz.de/10010427726
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The semantics of preference-based belief operators
Asheim, Geir B.; Søvik, Ylva - 2003
We show how different kinds of belief operators derived from preferences can be defined in terms an accessibility relation of epistemic priority, and characterized by means of a vector of nested accessibility relations. The semantic structure is used to reconcile and compare certain non-standard...
Persistent link: https://www.econbiz.de/10010284443
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Empirical likelihood-based model selection criteria for moment condition models
Hong, Han; Preston, Bruce; Shum, Matthew - 2001
In this note we propose model selection criteria (MSC) for unconditional moment models using empirical likelihood (EL) statistics in the construction of the MSC The use of EL-statistics in lieu of the more common J-statistics leads to a much more transparent interpretation of the MSC by...
Persistent link: https://www.econbiz.de/10010293457
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Does Benford's law hold in economic research and forecasting?
Günnel, Stefan; Tödter, Karl-Heinz - 2007
First and higher order digits in data sets of natural and socio-economic processes often follow a distribution called Benford's law. This phenomenon has been used in many business and scientific applications, especially in fraud detection for financial data. In this paper, we analyse whether...
Persistent link: https://www.econbiz.de/10010295869