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Biased Experts, Costly Lies, and Binary Decisions
Hodler, Roland; Loertscher, Simon; Rohner, Dominic - 2010
Decision makers lacking crucial specialist know-how often consult with better informed but biased experts. In our model the decision maker's choice problem is binary and her preferred option depends on the state of the world unknown to her. The expert observes the state and sends a report to the...
Persistent link: https://www.econbiz.de/10011430094
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Bundesweite Landnutzungsdaten am Thünen-Institut: Sachstand und Perspektiven
Erasmi, Stefan; Ackermann, Andrea; Bolte, Andreas; … - 2023
Menschen, stellen eine zentrale Grundlage für eine faktenbasierte Politikberatung und Forschung sowie verschiedene Monitoring …
Persistent link: https://www.econbiz.de/10014309857
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Datensonate in drei Sätzen. Von Faszination, Versuchung und Nutzung von Daten
Grunwald, Armin - In: WISTA – Wirtschaft und Statistik 75 (2023) 6, pp. 17-24
in modernen Gesellschaften auf, beispielsweise auch als Instrument der Politikberatung. …
Persistent link: https://www.econbiz.de/10014452264
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Wie kommt die Normativität ins Spiel? Eine ordonomische Argumentationsskizze
Pies, Ingo - 2011
Wie kommt die Normativität ins Spiel? Die ordonomische Antwort auf diese Frage lautet lapidar: durch institutionelle Reformen. Wie voraussetzungsreich diese Antwort ist, wird durch einen Vergleich des ordonomischen Forschungsprogramms mit Friedrich Schillers politischer Reformagenda einer...
Persistent link: https://www.econbiz.de/10011733805
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The New Basel Accord and the Nature of Risk: A Game Theoretic Perspective
Siebe, Wilfried; Milde, Hellmuth; Broll, Udo; Bieta, Volker - 2007
– game theory is a useful set of tools for better understanding different risk settings. Embedded in a short history of the … Basel Accord in this article we introduce some basic ideas of game theory in the context of rating procedures in accordance … with Basel II. As well, some insight is given how game theory works. Here, the primary value of game theory stems from its …
Persistent link: https://www.econbiz.de/10010296819
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To Help or not to Help: The Samaritan's Dilemma Revisited
Schmidtchen, Dieter - 1999
Helping somebody may undermine his incentives to work. What Buchanan identified more than 25 years ago as the Samaritan's dilemma is basically a time-inconsistency problem. The paper discusses possible solutions of the dilemma such as punishment within an iterated game, reshaping the game in the...
Persistent link: https://www.econbiz.de/10010296908
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Product innovation and product innovation marketing: theory and microeconometric evidence
Kaiser, Ulrich - 2001
This paper derives a three stage Cournot?oligopoly game for product innovation, expenditure on introducing the product and competition on the product market. Product innovation is assumed to increase consumer utility but is effective only if the innovating firm invests in marketing, so that...
Persistent link: https://www.econbiz.de/10010297768
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Währungspolitische Interdependenz der EU-Beitrittskandidaten und die Wahl eines geeigneten Wechselkurssystems
Jochem, Axel - 1999
Der vorliegende Diskussionsbeitrag entstand im Rahmen eines Forschungsprojektes über die monetäre Integration von fünf mittel- und osteuropäischen EU-Beitrittskandidaten (Polen, Tschechische Republik, Ungarn, Slowenien und Estland). Das hier vorgestellte Kapitel geht auf die...
Persistent link: https://www.econbiz.de/10010300396
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Strategic pricing of financial options
Bieta, Volker; Broll, Udo; Milde, Hellmuth; Siebel, Wilfried - 2009
need an approach explaining interdependent actions. Game theory is in a position to offer proper olutions. This paper …
Persistent link: https://www.econbiz.de/10010301361
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A Positive Framework to Analyze Sovereign Bail-outs within the EMU
Fahrholz, Christian; Wójcik, Cezary - 2011
We propose a positive formal framework for analyzing sovereign bail-outs in the context of the European Monetary Union (EMU) with a view to making policy recommendations regarding improvements to the EMU institutional architecture. We build our analysis on a political economic game-theoretic...
Persistent link: https://www.econbiz.de/10010334489