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Decision-making under radical uncertainty : an interpretation of Keynes' Treatise

Marsay, David - 2015

Keynes' mathematical Treatise addresses what some call 'radical uncertainty', which he thought endemic in world affairs and whose appreciation underpinned much of his later work. In contrast, the mainstream view in economics, as elsewhere, has been that even if radical uncertainty exists, either...

Persistent link: https://www.econbiz.de/10011280059

Modelling artificial intelligence in economics

Gries, Thomas; Naudé, Wim - 2021

Economists' two main theoretical approaches to understanding Artificial Intelligence (AI) impacts have been the task-approach to labor markets and endogenous growth theory. Therefore, the recent integration of the task-approach into an endogenous growth model by Acemoglu and Restrepo (AR) is a...

Persistent link: https://www.econbiz.de/10012485853

Mathematical modelling for infectious viral disease : the Covid-19 perspective

Adekola, Hafeez A.; Adekunle, Ibrahim A.; Egberongbe, … - 2020

In this study, we examined various forms of mathematical models that are relevant for the containment, risk analysis and features of COVID-19. Greater emphasis was laid on the extension of the Susceptible-Infectious-Recovered (SIR) models for policy relevance in the time of COVID-19. These...

Persistent link: https://www.econbiz.de/10012251941

Is a sustainable land-use policy in Germany possible? : insights from an analysis applying the concept of stocks

Fischer, Beate; Jöst, Frank; Klauer, Bernd; Schiller, … - 2009 - This version: July 30, 2009

Land is an essential but limited natural resource. We employ the concept of stocks to analyse driving forces for land …. In this paper major driving forces for land-use conversion are identified and underlying stocks and persistent …. We further argue that due to persistent stocks and institutional structures land-use conversion from agricultural into …

Persistent link: https://www.econbiz.de/10003863014

Gold, oil, and stocks : dynamic correlations

Baruník, Jozef; Kočenda, Evžen; Vácha, Lukáš - 2015

assets (gold, oil, and stocks) covering the period from 1987 to 2012. The analysis is performed on both intra-day and daily …. Heterogeneity prevails in correlations between gold and stocks. After the 2008 crisis, correlations among all three assets increase …

Persistent link: https://www.econbiz.de/10010515402

Modelling Indian wheat and rice sector policies

Kozicka, Marta; Kalkuhl, Matthias; Saini, Shweta; … - 2015

The study revealed the strong impact of policy measures on production, procurement, stocks and trade. We detected … support price (MSP). Wholesale prices at planting or lagged harvest time prices are largely irrelevant for production. The … stocks are found to strongly crowd out private stocks but not to the same extent as public stocks are build up. Total exports …

Persistent link: https://www.econbiz.de/10010472570