Showing 71 - 80 of 62,240
Persistent link: https://www.econbiz.de/10014473595
We compare preferences for temporal resolution when uncertainty is resolved over a probability rather than a value. In … whether values or probabilities define the main object of uncertainty. In our experiment, however, most subjects resolved …
Persistent link: https://www.econbiz.de/10014456336
Persistent link: https://www.econbiz.de/10014391547
Persistent link: https://www.econbiz.de/10014391549
The principle of uncertain future: the probability of a future event contains an (hidden) uncertainty. The first … probability system of a future event is incomplete. The second consequence provides a solution of the incompleteness of systems of …
Persistent link: https://www.econbiz.de/10005835901
Different from previous studies that use a best estimate, interval, or sets of probabilities, we represent the degree of ambiguity through levels of information provided to subjects. The willingness to pay is higher when more amount of information is provided.
Persistent link: https://www.econbiz.de/10005765194
derive from a process that does not explicitly use probability information. …
Persistent link: https://www.econbiz.de/10008497636
The theorem of existence of the ruptures in the probability scale has been proved for a discrete case. The theorem can …
Persistent link: https://www.econbiz.de/10008526960
Persistent link: https://www.econbiz.de/10005035858
Persistent link: https://www.econbiz.de/10005443399