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An inspection game models a conflict situation between an inspector and an inspectee. The mathematical analysis aims to generate optimal behavior of the inspectee under the assumption that an undesirable action of the inspectee could otherwise be carried out strategically. In this paper the...
Persistent link: https://www.econbiz.de/10010871264
I analyze optimal natural resource use in an intergenerational model with the risk of a catastrophe. Each generation maximizes a weighted sum of discounted utility (positive) and the probability that a catastrophe will occur at any point in the future (negative). The model generates time-...
Persistent link: https://www.econbiz.de/10010671482
An important reason why people violate expected utility theory is probability weighting. Previous studies on the probability weighting function typically assume a specific parametric form, exclude heterogeneity in individual preferences, and exclusively consider monetary decision making. This...
Persistent link: https://www.econbiz.de/10009203796
An interactive goal programming approach for assessing scenario probabilities used in long-range forecasting and decision analysis is developed and illustrated using a small numerical example. The method only requires marginal event probability and ordinal or interval first-order conditional...
Persistent link: https://www.econbiz.de/10009208754
This study proposes a model to assess data-driven decision-making (DDDM) readiness in organizations. We present the results from investigating the DDDM readiness of a Swedish organization in the food industry. We designed and developed a questionnaire to collect data about the organization's...
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PART I Static Games -- Noncooperative Games -- Cooperative Games -- PART II Deterministic Dynamic Games -- Multistage Games -- Sustainability of Cooperation in Dynamic Games -- PART III Dynamic Games Played Over Event Trees -- Noncooperative DGPET -- Node-Consistent Single-Valued Solutions in...
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