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We propose a model of history dependent disappointment aversion (HDDA), allowing the attitude of a decision-maker (DM) towards disappointment at each stage of a T-stage lottery to evolve as a function of his history of disappointments and elations in prior stages. We establish an equivalence...
Persistent link: https://www.econbiz.de/10008461876
We propose a model of history-dependent risk attitude, allowing a decision maker’s risk attitude to be affected by his history of disappointments and elations. The decision maker recursively evaluates compound risks, classifying realizations as disappointing or elating using a threshold rule....
Persistent link: https://www.econbiz.de/10008462010
We use a public referendum on a new air traffic concept in Berlin, Germany as a natural experiment to analyze how the interaction of tenure and capitalization effects shapes the outcome of direct democracy processes. We distinguish between homevoters, i.e., voters who are homeowners, and...
Persistent link: https://www.econbiz.de/10009764375
levels. The outline of the paper is as follows. First, we combine a set of noise and air pollutants measured at a number of …
Persistent link: https://www.econbiz.de/10011553481
Persistent link: https://www.econbiz.de/10012268807
), we examine the impact of exposure to excessive noise levels on birth outcomes. Using birth records that include mothers … mothers living near the airport in the direction of the runway. We utilize exogenous variation in noise exposure triggered by … NextGen, which unintentionally increased noise in communities affected by the new flight patterns. Our finding informs policy …
Persistent link: https://www.econbiz.de/10012110475
We contrast a standard deterministic signaling game with one where the signal-generating mechanism is stochastic. With stochastic signals a unique equilibrium emerges that involves separation and has intuitive comparative-static properties as the degree of signaling depends on the prior type...
Persistent link: https://www.econbiz.de/10010307240
The authors propose an agent-based noise detection system based on Internet of Things (IOT) for handling abnormality in … different noise levels and to control fully automated emergency response unlike existing mechanism. Increased requirement of … data and/or substances. Agents are to be considered for producing a particular effect based on external noise values. In …
Persistent link: https://www.econbiz.de/10012044936
algorithm, P-LMS, based on the power function, is proposed to conduct adaptive noise filtering. Finally, compared with the …
Persistent link: https://www.econbiz.de/10012049174
four steps; smoothing image using low pass spatial filter to reduce spurious noise in the image; extracting candidate …
Persistent link: https://www.econbiz.de/10012049182