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the findings of risk research conducted in different fields of study and to trace the effect of these findings on risk … management practices. The basic approaches to risk presented in this paper show that the notions of probability employed in … cannot be completely excluded from risk management. This inherent subjectivity influences willingness to take risks as well …
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numerically. This analysis enables the hedger to select his appropriate level of risk aversion. …
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This paper introduces a brief framework on the political decision-making process in the context of terrorism. I relate the trade-offs policy-makers are faced with to the economic terrorism literature. Past years have shown a steady increase in theoretical and empirical contributions. However,...
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While Stochastic Dominance has been employed in various forms as early as 1932, it has only been since 1969--1970 that the notion has been developed and extensively employed in the area of economics, finance, agriculture, statistics, marketing and operations research. In this survey, the first-,...
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Real estate markets are subject to dynamic, ever-changing influences from location, amenities and neighborhoods; regulation, zoning and population changes; but also - macroeconomic variables, such as interest rates, inflation and economic cycles. The decision to buy or rent a durable,...
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