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The purpose of this paper is to formulate and study a game where there is a player who is involved for a long time interval and several small players who stay in the game for short time intervals. Examples of such games abound in practice. For example a Bank is a long-term player who stays in...
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Decision making for the management of water resources is a complex and difficult task. This is due to the complex socio … intricate legislative framework. Several Decision Support Systems have been developed but very few have indeed proved to be … effective and truly operational. MULINO (Multisectoral, Integrated and Operational Decision Support System for Sustainable Use …
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In order to analyse whether women and men differ in their decision making under risk and uncertainty, we use data from … a certain value only for “largestakes” lotteries, ii) the decision making process differs significantly between “small …. -- Decision-making under uncertainty ; Gender differences ; gambling …
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performance, together influence the decision to hold on to or to capitulate on an investment. We study the relative contribution … decision to capitulate an investment, however, only depends directly on the expectation about the stock’s future performance …. The adaptation level, by contrast, affects the actual investment decision indirectly via its impact on expectations. …
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frequency and intensity of second- and third-order risk preferences, as well as the effect of the medical decision context. Risk … risk, medical decision theory predicts lower treatment thresholds for risk-averse than for risk-neutral decision makers …-neutrality (from 50.0% to 29.3%). Risk aversion accounts for 3/4 of this effect, prudence for 1/4. Medical decision framing does not …
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