Showing 1 - 10 of 2,000
Persistent link: https://www.econbiz.de/10014383535
Projections of regional changes in surface air temperature and precipitation for the greater Nile River basin and northern Africa are presented. The probabilistic projections are obtained through a technique that combines projections of the MIT Integrated Global System Model with climate-change...
Persistent link: https://www.econbiz.de/10011430164
In this paper we develop on a geometric model of social choice among bundles of interdependent elements (objects). Social choice can be seen as a process of search for optima in a complex multi-dimensional space and objects determine a decomposition of such a space into subspaces. We present a...
Persistent link: https://www.econbiz.de/10010202789
The question of how to deal with uncertainty in environmental decision-making is cur-rently attracting considerable attention on the part of scientists as well as of politicians and those involved in government administration. The existence of uncertainty becomes particularly apparent in the...
Persistent link: https://www.econbiz.de/10010469526
results obtained by Stirzaker (Probability and Random Variables: A Beginner's Guide, 1999) and Kupferman (Lecture Notes in … Probability, 2009) where the authors do not present a situation where the sale of a quantity from some commodities is constrained …
Persistent link: https://www.econbiz.de/10011412351
Making decisions under uncertainty is at the core of human decision-making, particularly economic decision-making. In economics, a distinction is often made between quantifiable uncertainty (risk) and un-quantifiable uncertainty (Knight, Uncertainty and Profit, 1921). However, this distinction...
Persistent link: https://www.econbiz.de/10011292359
Common sense is a dynamic concept and it is natural that our (statistical) common sense lags behind the development of statistical science. What is not so easy to understand is why common sense lags behind as much as it does. We conduct a survey among Japanese students and try to understand why...
Persistent link: https://www.econbiz.de/10012670776
Common sense is a dynamic concept and it is natural that our (statistical) common sense lags behind the development of statistical science. What is not so easy to understand is why common sense lags behind as much as it does. We conduct a survey among Japanese students and try to understand why...
Persistent link: https://www.econbiz.de/10012795343
Persistent link: https://www.econbiz.de/10011724135
generally guided by call-put option pricing models - which rely on an ergodic notion of probability that conforms to a normal … distribution function. This paper considers critiques of the above models, which include Keynes's Treatise on Probability (1921 … of probability. …
Persistent link: https://www.econbiz.de/10011948136