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In this contribution the frequently meaningless statementsin the relevant economy literature, about what is knowledge and whatis information, are overcome going back to the roots of information andcommunication theory. Information and entropy are defined preciselyand then the theoretical concept...
Persistent link: https://www.econbiz.de/10005868042
In modern portfolio theory like that of Markowitz or Sharpe the investor follows amean/variance-rationality. Even the founders of this theory observed unsatisfactory resultsbecause of symmetrical risk measures like variance or standard deviation. Post-modern theorythen considers downside risk...
Persistent link: https://www.econbiz.de/10005865168
Persistent link: https://www.econbiz.de/10003832361
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Power is a central phenomenon in human societies. Sociologists, politicians, philosophers in all cultures try to understand emergence and change processes of power. What was missing for a long time is measurement of power. First attempts were made in the last decades. This contribution...
Persistent link: https://www.econbiz.de/10013163022