This paper presents a context dependent valuation (CDV) model of decision making under risk where the valuation of a gamble depends not only on its own probability-outcome structure but also on the other gambles that it is compared with. This descriptive model draws motivation from the...

The prevalence of slums in large cities has been a cause of concern for policy makers. People living in slums face deprivation on several fronts and slum themselves can be seen as dwelling arrangements, which are inadequate and unfit for habitation. Several attempts have been made through a...

Replacement timing decisions of durable goods have been studied by scholars from both normative and descriptive perspectives. Normative models are based on the optimization of some utility based objective function which then suggest an optimal time for replacing a durable good. On the other...

The healthcare sector is one of the fastest-growing sectors globally as well as in India, with innovations being one of the key drivers of this growth, especially during this novel coronavirus disease (COVID-19) pandemic. Given its importance for the present and future, healthcare innovations...

The Indian innovation ecosystem is a vibrant space, and India has emerged as the world's third-largest startup economy. Biotechnology, Digital healthcare and Medical devices have emerged as three key sectors in the innovation ecosystem of India. However, there has been no systematic...

A standard assumption while deriving the asymptotic distribution of the quasi maximum likelihood estimator in ARCH models is that all ARCH parameters must be strictly positive. This assumption is also crucial in deriving the limit distribution of appropriate linear estimators (LE). We propose a...