Showing 1 - 10 of 7,959
I trace the arc of my thinking about political economy and Christian theology from my early interactions with the work of Richard Whately and Frank Knight to more recent economic and theological reflections on innovation. The general theme is that life is more than economics, despite the...
Persistent link: https://www.econbiz.de/10010777698
's empirical findings under risk. Furthermore, no significant differences are detected across contexts as regards utility and loss …, our data suggest that, for gains at least, the subjective treatment of uncertainty in experience-based and description …
Persistent link: https://www.econbiz.de/10010990473
We consider the effect of an increase in the risk from pollution. We show that in the case of a flow pollution, when … Association</italic>, 2009], showing that a marginal increase of risk in the neighborhood of a risk-free world is welfare …-improving, holds even when we consider non-marginal increases in risk and for any initial values of the risk. By contrast, in the case …
Persistent link: https://www.econbiz.de/10010990807
economics, where the tendency is to see theory and methods for rational decision-making under risk and uncertainty as well …-established and risk management tools as well developed, and to view the PP with some circumspection. Following a brief introduction … decision-making and risk management (here labeled ordinary risk management, ORM), identifying areas of incompleteness …
Persistent link: https://www.econbiz.de/10010990886
This paper addresses a complex problem of finding optimal or suboptimal strategies and business decisions of (1) entrepreneurs, inventors, innovators, and other “economic actors” who are engaged, or want and can be engaged, in innovation activities, and (2) policymakers who want to secure...
Persistent link: https://www.econbiz.de/10010993801
We propose a generic framework to characterize climate change adaptation uncertainty according to three dimensions …. We have studied the role of uncertainty in climate change adaptation planning using examples from four Danish water … related sectors. The dominating sources of uncertainty differ greatly among issues; most uncertainties on impacts are …
Persistent link: https://www.econbiz.de/10010994759
It is shown here that uncertainty can significantly affect estimated surge levels over a wide range of annual …> in the New Orleans area, estimated surge values with and without consideration of uncertainty differ by about 0.5–1.0 m … × 10<Superscript>−2</Superscript> AEP in locations within the mainline river levees in this area. It is also shown that uncertainty can …
Persistent link: https://www.econbiz.de/10010996321
Our paper deals with aspects regarding risk and uncertainty.Using content analyze in this paper we survey the … disclosure level of risk management information in the annual report of top Romanian listed companies. …
Persistent link: https://www.econbiz.de/10010852161
stochastic uncertainty of parameters of production and economic activity of the company. Practical realisation of the proposed … with consideration of uncertainty of parameters of the processes of processing resources of iron ore contributes to the …
Persistent link: https://www.econbiz.de/10010855362
The paper aims at tracing the connections between the ideas of Keynes, Knight and Mises on uncertainty and probability …
Persistent link: https://www.econbiz.de/10010860815