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We present the generalized hybrid averaging (GHA) operator. It is a new aggregation operator that generalizes the hybrid averaging (HA) operator by using the generalized mean. Thus, we are able to generalize a wide range of mean operators such as the HA, the hybrid geometric averaging (HGA), the...
Persistent link: https://www.econbiz.de/10009957374
uncertainty. We have performed this on a recent model of the theory, for which the respective optimal levels chosen by the firm … variable - to be applied to the case of several random variables, and we illustrate its use in the theory of the firm under … with and without uncertainty are compared in a more direct way than that used originally by its authors. We also make use …
Persistent link: https://www.econbiz.de/10009957387
; fertility ; first birth ; economic uncertainty ; East and West Germany …
Persistent link: https://www.econbiz.de/10010079368
risk-taking behavior deviates from expected utility theory in the presence of probability weighting. A group of …The paper investigates the importance of probability weighting in financial decisions and examines the degree to which … professional traders participates in an experiment, whose data are used to calculate risk and uncertainty premiums. This framework …
Persistent link: https://www.econbiz.de/10010079556
This paper investigates whether immigrants adapt to the attitudes of the majority population in the host country by focusing on the effect of ethnic persistence and assimilation on individual risk proclivity. Employing information from a unique representative German survey, we find that...
Persistent link: https://www.econbiz.de/10010082257
This study examined the relationship between share prices and dividends, earnings and book values for companies listed on the Nairobi Securities Exchange (NSE) in Kenya for the six years period between 2005 and 2010. Using panel data analysis the study found evidence that there is a positive and...
Persistent link: https://www.econbiz.de/10010097680
extreme values theory, the conditional loss distribution function and the profitability analysis of the loan portfolio. The …. -- credit risk ; probability of default ; stress test ; profitability …
Persistent link: https://www.econbiz.de/10010118427
having access to efficient methods of quantifying credit risk, or the probability of default. The logit models are among the …
Persistent link: https://www.econbiz.de/10010118428
We model an urban labour market in a developing economy, incorporating workers’ risk attitudes. Trade-offs between risk aversion and ability determine worker allocation across formal and informal wage employment, and voluntary and involuntary self employment. Greater risk of informal wage...
Persistent link: https://www.econbiz.de/10010118864
In present study, we contribute to the discussion on international stock market correlations, by analyzing interdependencies between stock returns in US and Israeli stock exchanges. In particular, we concentrate on the original feature of Tel Aviv Stock Exchange (TASE) where the trading week...
Persistent link: https://www.econbiz.de/10010148279