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Rozmyte zbiory probabilistyczne jako narzędzie finansów behawioralnych
Piasecki, Krzysztof - Volkswirtschaftliche Fakultät, … - 2011
under uncertainty and imprecision risk. In the fifth part fuzzy probabilistic sets are applied for actuarial mathematics. …
Persistent link: https://www.econbiz.de/10011260964
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Risk and uncertainty in strategic decision making
Fotr, Jiří; Švecová, Lenka - In: Politická ekonomie 2006 (2006) 1, pp. 87-107
Importance of risk and uncertainty in present period of dynamic changes grows. The article deals with risk and … uncertainty in strategic decision making. First the concepts of risk and uncertainty and possibilities of their measurement are … is on discussion of decision making methods under risk and uncertainty (including decision tables, scenarios, Monte Carlo …
Persistent link: https://www.econbiz.de/10005258283
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On the use of agricultural system models for exploring technological innovations across scales in Africa: A critical review
Rötter, Reimund P.; Sehomi, Fanou L.; Höhn, Jukka G.; … - 2016
The major challenge of the 21st century is to achieve food security under, roughly, a doubling in food demand by 2050 compared to present, and producing the additional food under marked shifts in climatic risks and with environmentally sound farming practices. Sustainable intensification of...
Persistent link: https://www.econbiz.de/10011588710
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Risk Aversion, Price Uncertainty and Irreversible Investments
Huisman, Kuno; Kort, Peter; van den Goorbergh, R.W.J. - Tilburg University, Center for Economic Research - 2003
This paper generalizes the theory of irreversible investment under uncertainty by allowing for risk averse investors in … aversion to examine the e ects of risk aversion, price uncertainty, and other parameters on the optimal investment decision … price uncertainty increases the value of deferring irreversible investments.This e ect is stronger for high levels of risk …
Persistent link: https://www.econbiz.de/10011091407
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Breakthroughs, Backlashes and Artificial General Intelligence: An Extended Real Options Approach
Gries, Thomas; Naudé, Wim - 2022
). These shocks make the investment in developing an Artificial General Intelligence (AGI) subject to considerable uncertainty …
Persistent link: https://www.econbiz.de/10013177718
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Breakthroughs, backlashes and Artificial General Intelligence : an extended real options approach
Gries, Thomas; Naudé, Wim - 2022
). These shocks make the investment in developing an Artificial General Intelligence (AGI) subject to considerable uncertainty …
Persistent link: https://www.econbiz.de/10012880024
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Comparative Dynamics in Health Economics: Some Useful Results
Johansson, Per-Olov; Löfgren, Karl-Gustav - Economics Institute for Research (SIR), … - 1994
In analysis of atemporal models, comparative statics experiments are typically carried out, often employing envelope properties, such as Roy's identity, Hotelling's lemma and Shephard's lemma, in order to simplify the analysis. In analysis of dynamic models, such experiments are seldom...
Persistent link: https://www.econbiz.de/10005423796
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On the Value of Changes in Life Expectancy
Johansson, Per-Olov - Economics Institute for Research (SIR), … - 1995
In this note the value of parametric changes in hazard rates is analyzed. Two different kinds of changes, sudden or 'blip' changes and persistent changes, respectively, are considered within a model in which both the marginal rate of time preference and the survival probability are...
Persistent link: https://www.econbiz.de/10005649516
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Investing a Risky Projects under the Government Guarantees on Loans
Slastnikov, A. - In: Journal of the New Economic Association 24 (2014) 4, pp. 12-37
The paper considers the model which allows to study a mechanism of the government loan guarantees for financing risky projects. The project is risky, i.e. after beginning of financing it can fail with some probability, even before starting functioning. To finance the project it is necessary to...
Persistent link: https://www.econbiz.de/10011118413
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Willingness to overpay for insurance and for consumer credit : search and risk behavior under price dispersion
Malakhov, Sergey - In: Expert journal of economics 2 (2014) 3, pp. 109-119
When income growth under price dispersion reduces the time of search and raises prices of purchases, the increase in purchase price can be presented as the increase in the willingness to pay for insurance or the willingness to pay for consumer credit. The optimal consumer decision represents the...
Persistent link: https://www.econbiz.de/10012062057