For aesthetic, strategic and pragmatic reasons, E. T. Jaynes (2003, Appendix A) objects to Bruno de Finetti’s founding of probability theory on the basis of the notion of coherence. In this paper an attempt is made to diffuse this critique, as well as to point out, briefly, that these, and the...

In this paper we argue that the consequences of the unemployment risk may be quite different according to the number of persons who depend on the income of the active members, and propose new measures for the economic (in)security related to employment risk, that take into account the household...

Using a laboratory experiment, we investigate the validity of stated risks elicited via the Exchangeability Method (EM) by defining a valuation method based on de Finetti’s notion of coherence. The reliability of risk estimates elicited through the EM has been theoretically questioned because...

Introduction -- An overview of the literature -- Models without diffusion -- Technology, diffusion, and growth: a key trinomial -- Models with exogenous diffusion -- Models with endogenous diffusion -- An alternative approach: the advantages of continuous-time quantitative methods -- Econometric...

This article addresses an issue that is debated in the economics of innovation literature, namely the existence of increasing returns toR&Dexpenditures and firm size, in productinnovation. It explores further how the firm’s structural characteristics and contextual factors affect the sustained...