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Titlebook: Economic and Environmental Risk and Uncertainty; New Models and Metho Robert Nau,Erik Grønn,Olvar Bergland Book 1997 Springer Science+Busin

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发表于 2025-3-21 18:06:30 | 显示全部楼层 |阅读模式
书目名称Economic and Environmental Risk and Uncertainty
副标题New Models and Metho
编辑Robert Nau,Erik Grønn,Olvar Bergland
视频video
丛书名称Theory and Decision Library B
图书封面Titlebook: Economic and Environmental Risk and Uncertainty; New Models and Metho Robert Nau,Erik Grønn,Olvar Bergland Book 1997 Springer Science+Busin
描述The 1980s and 1990s have been a period of exciting newdevelopments in the modelling of decision-making under risk anduncertainty. Extensions of the theory of expected utility andalternative theories of `non-expected utility‘ have been devised toexplain many puzzles and paradoxes of individual and collective choicebehaviour. This volume presents some of the best recent work on themodelling of risk and uncertainty, with applications to problems inenvironmental policy, public health, economics and finance. Eighteenpapers by distinguished economists, management scientists, andstatisticians shed new light on phenomena such as the Allais and St.Petersburg paradoxes, the equity premium puzzle, the demand forinsurance, the valuation of public health and safety, andenvironmental goods. ..Audience:. This work will be of interest to economists,management scientists, risk and policy analysts, and others who studyrisky decision-making in economic and environmental contexts.
出版日期Book 1997
关键词decision making; economics; efficiency; environment; environmental policy; equilibrium; modeling; valuation
版次1
doihttps://doi.org/10.1007/978-94-017-1360-3
isbn_softcover978-90-481-4849-3
isbn_ebook978-94-017-1360-3
copyrightSpringer Science+Business Media Dordrecht 1997
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发表于 2025-3-21 22:11:07 | 显示全部楼层
Stochastic Trees and Medical Decision Making only for risk-neutral objective functions, such as mean quality adjusted life years (QALY), but also for the calculation of expected utility (Hazen and Pellissier 1994) leading to quality and risk adjusted life years or QRALY.
发表于 2025-3-22 03:51:37 | 显示全部楼层
Book 1997eory of expected utility andalternative theories of `non-expected utility‘ have been devised toexplain many puzzles and paradoxes of individual and collective choicebehaviour. This volume presents some of the best recent work on themodelling of risk and uncertainty, with applications to problems ine
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Balanced Equilibriumr the axioms justifying it. The spirit in which it is proposed is one of ‘methodological pluralism’, in view of some shortcomings, both at the axiomatic level and at the application level, of the dominant Bayesian model.
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https://doi.org/10.1007/978-1-4613-2910-7y. The low risk premium was designated the “equity premium puzzle” by Mehra and Prescott [1985], and this puzzle has stimulated extensive research into alternative specifications for dynamic equilibrium models.. This paper shows that a model with nonexpected utility preferences can replicate the asset returns observed in financial markets.
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https://doi.org/10.1007/978-3-031-40194-7babilities are non-additive. We make a related analysis of models with objective probabilities and show that the induced preferences can have the rank dependent expected utility form. Implications for multi-period decisions are explored.
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