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Going through arbitration has many costs, both tangible and intangible. Going to arbitration may also result in the … associated with arbitration. Hence, even if the contractor is certain to win an arbitration case, the losses may outweigh the … for arbitration is also highlighted based on a corrupt system of rewards within the organization for the pursuit of claims …
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This paper presents a mathematical model to evaluate the risks of arbitration in contractual disputes to decide whether … or not to raise an arbitration case for a claim. It adds the ingredient of a regret theory approach for taking that …
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Individuals exhibit a randomization preference if they prefer random mixtures of two bets to each of the involved bets. Such preferences provide the foundation of various models of uncertainty aversion. However, it has to our knowledge not been empirically investigated whether uncertainty-averse...
Persistent link: https://www.econbiz.de/10003916450
We study in an experiment whether humans prefer to depend on decisions of other humans (social uncertainty) or states … other humans. This is the first experiment that studies social uncertainty that does not derive from a strategic situation …
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oder für andere Personen. Wir verwenden ein „within-subjects“ für unser Experiment, bei dem Vermögensverwalter in …
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