Results 41 to 50 of about 1,091 (131)
Mixing It Up: Inflation at Risk
Journal of Money, Credit and Banking, EarlyView.Abstract Understanding how risk factors shape the economic outlook is essential for guiding policy decisions. This paper develops a flexible framework that decomposes distributional risk forecasts of macro‐economic variables into underlying contributions and supports the construction of interpretable risk measures.
MAXIMILIAN SCHRÖDER
wiley +1 more source
Winning Ideas: Lessons from Free-market Economics [PDF]
Agency is inescapably plural in both concept and measurement. In Sen’s account of agency, i) agency is exercised with respect to goals the person values; ii) agency includes effective power as well as direct control; iii) agency may advance wellbeing or ...
Sabina Alkire and James Foster
core
Driven by risk: Understanding reference‐dependent preferences using simulated auto racing
Journal of Risk and Insurance, EarlyView.Abstract Using data from over 56,000 simulated auto races worldwide, we analyze risk‐taking at the margins, consistent with reference‐dependent preferences. We show that participants' risk‐taking changes when a desired intermittent outcome is presented, sometimes at the expense of a more favorable expected end state.
James Hilliard +2 more
wiley +1 more source
Perceptions of leadership across cultures: a study of French and German managers and their employees in both their domestic and host environments [PDF]
, 2012 The phenomenon of globalisation has contributed greatly to the increasing interest in investigating cross-cultural leadership in recent years (Avolio, Walumbwa and Weber, 2009).
Jennewein, Annegret
core
Welfare implications of fair and accountable insurance pricing
Journal of Risk and Insurance, EarlyView.Abstract This paper introduces an empirical framework to evaluate the welfare implications of fair and accountable insurance pricing by modeling the complete pricing process, including demand and price optimization. Moving beyond traditional cost modeling, we analyze both discrimination‐related fairness criteria and broader regulatory constraints, such
Fei Huang, Hajime Shimao
wiley +1 more source
Non-additive anonymous games [PDF]
, 2008 This paper introduces a class of non-additive anonymous games where agents are assumed to be uncertain (in the sense of Knight) about opponents’ strategies and about the initial distribution over players’ characteristics in the game.
Kozhan, Roman
core
Taking Risks, With and Without Probabilities
Noûs, EarlyView.ABSTRACT Some hold that expected utility is too restrictive in the way it handles risk. Risk‐weighted expected utility is an alternative that allows decision‐makers to have a range of attitudes toward probabilistic risk. It holds that any attitude within this range is instrumentally rational, since these attitudes represent different, equally good ...
Lara Buchak
wiley +1 more source
The information search behaviour of individuals in experimental markets [PDF]
Individual consumers as well as managers within any organisation regularly make purchasing decisions. Some of these decisions will relate to product or service markets that are characterised by homogeneity in all aspects except price.
Moon, Philip
core
Environmental conflict and decision-making: the case of hydroelectric power [PDF]
, 2012 As management of the environment becomes more complex and the number of potentially conflicting issues to be balanced expands, there will be increasing and more intense debates about the course(s) of action(s) to be taken.
Watkin, L, Watkin, L.
core
Noûs, EarlyView.ABSTRACT “Almost everyone,” Ronald Dworkin wrote in Sovereign Virtue, “assumes that democracy means equal voting power.” What, then, is voting power? The standard view defines it as the probability that a vote changes the outcome assuming that each possible combination of votes is equiprobable.
Daniel Wodak
wiley +1 more source