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In the current situation many experts and ordinary people are asking themselves: Where is the economy heading? How can … we counteract the disruptive factors? Which strategies must be employed? How should the risks be properly assessed in … risk assessment methods and the detection of procedures to mitigate this risk. It is also necessary to draw a comparison …
Persistent link: https://www.econbiz.de/10011150565
The principle of uncertain future: the probability of a future event contains an (hidden) uncertainty. The first … an uniform solution of the underweighting of high and the overweighting of low probabilities, of the Allais paradox, risk … 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
devoted to the probability theory and economics. The theorems of existence of the ruptures near the borders of finite … intervals and of the probability scale have been proved. The theorem of existence of the ruptures in the probability scale can …
Persistent link: https://www.econbiz.de/10010629321
The article raises the question of possible existence of ruptures, gaps in the probability scale which are caused by … standard probability distributions. …
Persistent link: https://www.econbiz.de/10008587482
Economical Dynamics MMSED-2010, is devoted to applications of the modern achievements of probability theory to economics. The … probability scale to solution of some problems of modelling of the economic behavior of a man. The existence of the ruptures near … the borders of the probability scale has been proved to solve the problems in the all four "folds" of the "four …
Persistent link: https://www.econbiz.de/10010835965
concern problems such as the underweighting of high and the overweighting of low probabilities, risk aversion, the equity … probability scale are considered and analyzed. …
Persistent link: https://www.econbiz.de/10010686071
-zero dispersion of the function is proved. The theorem has an applied character. It is aimed to be used in the probability theory and …
Persistent link: https://www.econbiz.de/10011113980
A theorem of existence of ruptures in the probability scale has been proven. The theorem can be used, e.g., in …
Persistent link: https://www.econbiz.de/10008596366
The proof of the theorem of existence of the ruptures, namely the proof of maximality, is improved. The theorem may be used in economics and explain the well-known problems such as Allais’ paradox. Illustrated examples of ruptures are presented.
Persistent link: https://www.econbiz.de/10009403452
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