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In the past, many countries have witnessed de-diversification waves. In this paper we illustrate that the same phenomenon can be observed in Germany. Different theoretical explanations for the occurrence of de-diversifications are discussed: the predominant agency theory approach and the less...
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Allais, M. (1952) zeigte mit seinen Experimenten, dass das Unabhängigkeitsaxiom der Erwartungsnutzentheorie (EUT) von von Neumann, J.; Morgenstern, O. (1953) verletzt wird. Das Allais-Paradox beschreibt mit dem common ratio effect (CRE) und dem common consequence effect (CCE) Beispiele...
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