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the uncertain and open character of innovation processes. Uncertainty is not a market failure and cannot be repaired …
Persistent link: https://www.econbiz.de/10009372156
the uncertain and open character of innovation processes. Uncertainty is not a market failure and cannot be repaired …
Persistent link: https://www.econbiz.de/10010307493
Persistent link: https://www.econbiz.de/10013500625
Persistent link: https://www.econbiz.de/10012517038
Economists have studied for a long time how decision-makers allocate scarce resources. The recent literature on rational inattention studies how decision-makers allocate the scarce resource attention. The idea is that decision-makers have a limited amount of attention and have to decide how to...
Persistent link: https://www.econbiz.de/10009395648
wider economic rationality within climate politics that suggests finance and investment as response strategies. …
Persistent link: https://www.econbiz.de/10010669793
investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing …
Persistent link: https://www.econbiz.de/10011115766
Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an 'economic' entity that they count in universal units of ‘utils’ or 'abstract labour', respectively....
Persistent link: https://www.econbiz.de/10011646688
look at the problem of calibrating financial models, measuring the model uncertainty of a claim and choosing an optimal … uncertainty. Using the framework for market risk measures we propose axioms for new classes of model uncertainty measures. Similar … to the market risk case, we prove representation theorems for coherent and convex model uncertainty measures. Example …
Persistent link: https://www.econbiz.de/10009441418
Persistent link: https://www.econbiz.de/10011274872