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This paper discusses the ways by which a certain type of behavioral deviation from expected utility theory has been … handled by psychologists and economists. With respect to the historical background of decision theory in economics, it is …
Persistent link: https://www.econbiz.de/10010860430
observations, and the assumption of Bayesian rationality. Since no betting strategy is irrational, Bayesianism is useless as a … normative theory as well. …
Persistent link: https://www.econbiz.de/10010956859
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/10005649761
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The newest findings in analysis of bilateral monopoly (BM) of lignite opencast mine & power plant have been discussed. The determinism of optimal solution not only in quantity of lignite (the size and shape of the ultimate pit) but also in its price has been depicted. It has been proposed to...
Persistent link: https://www.econbiz.de/10005787000
What some view as overly-generous funding of the Scottish parliament results from Scotland.s credible threat to secede from the United Kingdom. Scotland is shown to benefit from a second mover advantage in a non-cooperative sequential game over the allocation of public funds. Various reform...
Persistent link: https://www.econbiz.de/10005800295
We prove that a natural monopoly can set subsidy free pricing and sustainable pricing schedules in general economic environment. The setting is a multiproduct and multiple agent contestable market where demands are elastic and where rivals can enter the sub-markets composed by a set of the...
Persistent link: https://www.econbiz.de/10005836478
Is vertical integration of mines and power plants profitable and for whom? Based on outcomes from the research of bilateral relation between lignite mines and power plant author describes several benefits from vertical integration including strategic benefits described by Porter and benefits...
Persistent link: https://www.econbiz.de/10005837144