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Persistent link: https://www.econbiz.de/10005037412
theory, are briefly presented. Similar experiments may be associated with the old problems of utility theory, such as the … example, by the influence of observation noises. Applications of the theorems to experiments, which are typical of the utility … including explanations by utility models. …
Persistent link: https://www.econbiz.de/10010927787
this theorem to explain the well-known problems of utility and decision theories, such as risk aversion, the underweighting … interpretation, probability theory, statistics, management, finance, investment, insurance, etc. …
Persistent link: https://www.econbiz.de/10010899454
Uncertainty means partially or totally knowing the probabilities to accomplish an action’s potential results.
Persistent link: https://www.econbiz.de/10008490475
Decision analysis has several elements: actions, chance occurrences, probabilities, final outcomes, additional … information, decision. This paper deals with additional information and their value in decision making process. …
Persistent link: https://www.econbiz.de/10005696217
Drawing on passages in Book II of the Treatise of Human Nature (1739/40), in the Enquiry Concerning the Principles of Morals (1751), in the Dissertation on the Passions (1757), and in some of the Essays (1777), this paper is built upon Hume's distinction between three alternative valuations of...
Persistent link: https://www.econbiz.de/10008609693
Drawing on passages in Book II of the Treatise of Human Nature (1739-40), in the Enquiry Concerning the Principles of Morals (1751), in the Dissertation on the Passions (1757), and in some of the Essays (1777), this paper is built upon Hume's distinction between three alternative valuations of...
Persistent link: https://www.econbiz.de/10008790949
The theorem of existence of the ruptures in the probability scale is used to solve some problems of modelling of the economic behavior of a man. The “four-fold-pattern” paradox is considered as an example of such solution.
Persistent link: https://www.econbiz.de/10010983894
Ergebnisse zeigen, dass die betriebliche Entscheidung für eine naturschutzfachliche Optimierung abhängig ist von der …
Persistent link: https://www.econbiz.de/10011070486
probabilities assumed in Knightian decision theory. I argue that some standard uses of classical inference are Knightian in spirit … classical statisticians act unconsciously as Knightian decision makers. If one accepts this argument, then it is of interest to …
Persistent link: https://www.econbiz.de/10005762490