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these two models of risky decision making. However, those tests were criticized because they had characteristics that might … gambles are nearly equal in each choice. In addition, if a person followed expected value (EV), expected utility (EU), CPT, or … risky decision making. …
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The principle of uncertain future: the probability of a future event contains an (hidden) uncertainty. The first consequence of the principle: the real values of high probabilities are lower than the preliminarily determined ones; conversely, the real values of low probabilities can be higher...
Persistent link: https://www.econbiz.de/10005835901
As explained in the paper namely, “Measuring a Societies Knowledge base”, it is not difficult to measure the knowledge base of a society, though it would be very laborious and time consuming. Knowledge is simply all the laws of existence a society knows plus all the products that a society...
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В статье рассматриваются инновационные модели взаимодействия хозяйствующих субъектов на вторичном рынке ценных бумаг; обосновывается новый экономический...
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fully nonparametric model of a conditional PDF comprised of a binary response (choice) variable and continuous and discrete …
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In four experiments we showed that investors are not only interested in maximizing returns but have non-financial goals, too. We considered what drives the decision to invest ethically and the impact this strategy has on people's evaluation of investment performance. In Study 1, participants who...
Persistent link: https://www.econbiz.de/10011145658
This paper considers the possibility of a robust and general formulation of a model of choice for the representation of … retain the basic elements of the economic model of choice. It briefly examines the achievements and drawbacks of each model … decision making under their influence. …
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