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account and budget deficit objectives and time-inconsistency arises due to lack of a sufficient number of policy instruments …. For this game I derive explicitly the time consistent and precommitment policies for the domestic fiscal authority and … explain that precommitment is welfare improving relative to the time-consistent policy. In a two-country framework, both …
Persistent link: https://www.econbiz.de/10005003328
Ergebnisse zeigen, dass die betriebliche Entscheidung für eine naturschutzfachliche Optimierung abhängig ist von der …
Persistent link: https://www.econbiz.de/10011070486
stages and to evaluate the results of the work stage by stage. This reduces the investment risk and facilitates the decision … decision on deposit development is made. This methodology was tested on the example of one of the zinc-lead ore deposits in the … Silesia-Cracow region. Apart from supporting the decision-making process, this methodology offers the means to evaluate …
Persistent link: https://www.econbiz.de/10011010822
behavior of the credit in e-business by using game theory. We present the factors that affect the justness of credit evaluation …
Persistent link: https://www.econbiz.de/10004977611
Decision-making is becoming increasingly complex as the number of stakeholders rises,the number of decision … framework is growing increasingly complex.Decision-making is caught between the need to thoroughly document and substantiate a … thecomplexity of the decision-making process increases, on the other hand. The present paper sought topresent critically the main …
Persistent link: https://www.econbiz.de/10009150890
noted. Conventional theory focuses on the<br/>question ‘how will rational players play?’, and has the Nash equilibrium at …) and relaxations (rationalizability and correlated equilibria).<br/>Motivated by experiments that show systematic theory … violations, behavioral game<br/>theory aims to integrate insights from psychology to get better answers to the<br/>question ‘how …
Persistent link: https://www.econbiz.de/10011144456
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …
Persistent link: https://www.econbiz.de/10008471892
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …
Persistent link: https://www.econbiz.de/10008527318
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …
Persistent link: https://www.econbiz.de/10008791266
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …
Persistent link: https://www.econbiz.de/10008791715