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Uncertainty under hyperbolic discounting: The cost of untying your hands

Alcocer, Christian Diego; Ortegón, Julián; Roa, Alejandro - In: Journal of Economics, Finance and Administrative Science 24 (2019) 48, pp. 176-193

contribute to our understanding of these issues by postulating a model of income uncertainty within a hyperbolic discounting … further extend the analysis with uncertainty about future incomes. Specifically, individuals live for three periods, and the … add biases and uncertainty to characterize their implications and measure the costs of the intertemporal inconsistencies …

Persistent link: https://www.econbiz.de/10013192156

Comparison of the production behavior of regret-averse and purely risk-averse firms

Guo, Xu; Wong, Wing Keung - In: Estudios de Economía 46 (2019) 2, pp. 157-171

Previous studies focused on the comparison of the optimal output levels of regret- averse firms under uncertainty and …. We compare the optimal output levels of regret-averse firms with purely risk- averse firms under uncertainty and firms …

Persistent link: https://www.econbiz.de/10014486136

Toma de decisiones estratégicas en entornos inciertos

Blanco-Mesa, Fabio; León-Castro, Ernesto; … - In: Revista de Métodos Cuantitativos para la Economía y … 30 (2020), pp. 79-96

making in uncertainty is highlighted, which allows to integrate concepts of administrative and aggregation theories in an …

Persistent link: https://www.econbiz.de/10014494477

Crime and punishment in times of pandemics

Sarel, Roee - In: European Journal of Law and Economics 54 (2021) 2, pp. 155-186

How should we think about crime deterrence in times of pandemics? The economic analysis of crime tells us that potential offenders will compare the costs and the benefits from crime and from innocence and then choose whichever option is more profitable. We must therefore ask ourselves how this...

Persistent link: https://www.econbiz.de/10014501454

On predictive entrepreneurial action in uncertain, ill-structured conditions

Rapp, David J.; Olbrich, Michael - In: Review of Managerial Science 15 (2020) 7, pp. 1961-1979

Decision-making is at the heart of entrepreneurship. Unsurprisingly, entrepreneurship research has engaged with processes of entrepreneurial decision-making resulting, most importantly, in the notions of causation, effectuation, and enactment. Nevertheless, the range of processes delineated to...

Persistent link: https://www.econbiz.de/10014504283

Does Diversification Protect Bank Lending Against Uncertainty?

Dang, Van Dan; Nguyen, Hoang Chung - In: Credit and Capital Markets – Kredit und Kapital 55 (2022) 3, pp. 349-379

The paper examines whether bank diversification in multiple dimensions can protect bank lending from uncertainty shocks …. We use a panel of Vietnamese commercial banks during 2007?–?2019 for empirical analysis and measure uncertainty in … credit risk amid greater uncertainty. These adverse impacts of uncertainty on bank lending (both quantity and quality) are …

Persistent link: https://www.econbiz.de/10014521969

Incomplete information about social preferences explains equal division and delay in bargaining

Kohler, Stefan - In: Games 3 (2012) 3, pp. 119-137

Two deviations of alternating-offer bargaining behavior from economic theory are observed together, yet have been studied separately. Players who could secure themselves a large surplus share if bargainers were purely self-interested incompletely exploit their advantage. Delay in agreement...

Persistent link: https://www.econbiz.de/10010369374

Uncertainty and economic analysis of climate change: a survey of approaches and findings

Peterson, Sonja - In: Environmental modelling & assessment 11 (2006) 1, pp. 1-17

frameworks and techniques for analyzing climate policy in the context of uncertainty. This paper will give an overview of …

Persistent link: https://www.econbiz.de/10010313788

Revealed preference and choice under uncertainty

Bossert, Walter; Suzumura, Kotaro - In: SERIEs - Journal of the Spanish Economic Association 3 (2012) 1/2, pp. 247-258

generated by the optimization of some underlying decision criterion under uncertainty. Rather than focusing on a specific theory …

Persistent link: https://www.econbiz.de/10010317069

A Country's Process of Development as Described by a Butterfly Catastrophe Model: The Case of European South

Angelis, Vasilis; Angelis-Dimakis, Athanasios; Dimaki, … - In: International Journal of Economic Sciences and Applied … 6 (2013) 2, pp. 25-45

For a long period of time a country’s development has been synonymous with its economic growth. Over the last years, however, economies and societies have been undergoing dramatic changes. These changes have led to the concept of sustainable development, which refers to the ability of our...

Persistent link: https://www.econbiz.de/10011310250