Download or read book On Comparative Statics Under Uncertainty written by Hsueh-Cheng Cheng and published by . This book was released on 1983 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Comparative Statics Under Uncertainty written by Susan Athey and published by . This book was released on 1996 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops necessary and sufficient conditions for monotone comparative statics predictions in several classes of stochastic optimization problems.

Download or read book Comparative Statics Under Uncertainty written by Clifford Hildreth and published by . This book was released on 1978 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Comparative Statics Under Uncertainty for Decision Models with More Than One Choice Variable written by Gyemyung Choi and published by . This book was released on 1992 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Comparative Statics Under Uncertainty written by Andreas Wagener and published by . This book was released on 2013 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the comparative statics of optimal decisions under uncertainty when preferences are represented by two-moment, mean-variance utility functions. We relate our findings to concepts for risk attitudes that have recently been proposed for the expected utility approach. In the two-parameter approach, a number of plausible comparative static effects already emerges under the assumption of decreasing absolute risk aversion (DARA). DARA is, however, not sufficient to determine comparative static effects when changes in background risks are considered. Instead, risk vulnerability, temperance and standardness imply, appropriately transferred to the mean-variance framework, the plausible effect that risk taking will be reduced if the riskiness of background risks increases.

Download or read book Studies of Behavioral Axioms for Comparative Statics Under Uncertainty written by Moo-Hong Kim and published by . This book was released on 1984 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Comparative Statics Under Multiple Uncertainties written by Moawia Alghalith and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We generalize and extend the previous results of the theory of the competitive firm under uncertainty. In doing so, we consider simultaneous output, output price and input price uncertainties. Our results do not impose the typical restrictions on the firm's preferences or utility. The comparative statics do not depend on the preferences. Furthermore, we introduce new mathematical methods.

Download or read book Supermodularity and Complementarity written by Donald M. Topkis and published by Princeton University Press. This book was released on 2011-02-11 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economics literature is replete with examples of monotone comparative statics; that is, scenarios where optimal decisions or equilibria in a parameterized collection of models vary monotonically with the parameter. Most of these examples are manifestations of complementarity, with a common explicit or implicit theoretical basis in properties of a super-modular function on a lattice. Supermodular functions yield a characterization for complementarity and extend the notion of complementarity to a general setting that is a natural mathematical context for studying complementarity and monotone comparative statics. Concepts and results related to supermodularity and monotone comparative statics constitute a new and important formal step in the long line of economics literature on complementarity. This monograph links complementarity to powerful concepts and results involving supermodular functions on lattices and focuses on analyses and issues related to monotone comparative statics. Don Topkis, who is known for his seminal contributions to this area, here presents a self-contained and up-to-date view of this field, including many new results, to scholars interested in economic theory and its applications as well as to those in related disciplines. The emphasis is on methodology. The book systematically develops a comprehensive, integrated theory pertaining to supermodularity, complementarity, and monotone comparative statics. It then applies that theory in the analysis of many diverse economic models formulated as decision problems, noncooperative games, and cooperative games.

Download or read book The Comparative Statics of Consumer Demand Under Uncertainty written by C. Meghir and published by . This book was released on 1985 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Labor Supply Under Uncertainty written by Michael B. Ormiston and published by . This book was released on 1985 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book General Equilibrium and Comparative Statics in an Exchange Economy with Money Price Uncertainty and Transactions Costs written by Richard Dusansky and published by . This book was released on 1974 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Beliefs Interactions and Preferences written by Mark J. Machina and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beliefs, Interactions and Preferences in Decision Making mixes a selection of papers, presented at the Eighth Foundations and Applications of Utility and Risk Theory (`FUR VIII') conference in Mons, Belgium, together with a few solicited papers from well-known authors in the field. This book addresses some of the questions that have recently emerged in the research on decision-making and risk theory. In particular, authors have modeled more and more as interactions between the individual and the environment or between different individuals the emergence of beliefs as well as the specific type of information treatment traditionally called `rationality'. This book analyzes several cases of such an interaction and derives consequences for the future of decision theory and risk theory. In the last ten years, modeling beliefs has become a specific sub-field of decision making, particularly with respect to low probability events. Rational decision making has also been generalized in order to encompass, in new ways and in more general situations than it used to be fitted to, multiple dimensions in consequences. This book deals with some of the most conspicuous of these advances. It also addresses the difficult question to incorporate several of these recent advances simultaneously into one single decision model. And it offers perspectives about the future trends of modeling such complex decision questions. The volume is organized in three main blocks: The first block is the more `traditional' one. It deals with new extensions of the existing theory, as is always demanded by scientists in the field. A second block handles specific elements in the development of interactions between individuals and their environment, as defined in the most general sense. The last block confronts real-world problems in both financial and non-financial markets and decisions, and tries to show what kind of contributions can be brought to them by the type of research reported on here.

Download or read book Uncertainty in Economics and Other Reflections written by G. L. S. Shackle and published by Cambridge University Press. This book was released on 2010-08-26 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a collection of some of Professor Shackle's papers written between 1939 and 1953 is largely concerned with the problems of 'expectation' and 'uncertainty' and with reducing these universal factors to some sort of plausible rules. Also included are essays on interest rates, on investment and employment, and on the philosophy of economics. This book, by one of the finest economic writers of his time, will appeal to anyone with an interest in the history of economics.

Download or read book The Comparative Statics of Uncertainty with an Application to the Competitive Firm written by Larry Epstein and published by . This book was released on 1976 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Time Ignorance and Uncertainty in Economic Models written by Donald W. Katzner and published by University of Michigan Press. This book was released on 1998 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: Formal economic analysis using Shackle's ideas of historical time and nonprobabilistic uncertainty

Download or read book Independent Increases in Risk and Their Comparative Statics written by Helei Qu and published by . This book was released on 1994 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Studies in the Economics of Uncertainty written by Thomas B. Fomby and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies in the Economics of Uncertainty presents some new developments in the economics of uncertainty produced by leading scholars in the field. The contributions to this Festschrift in honor of Professor Josef Hadar of Southern Methodist University cover a broad range of topics centered on the principle of Stochastic Dominance. Topics covered range from theoretical and statistical developments on Stochastic Dominance to new applications of the Stochastic Dominance Theory. The intended audience includes researchers interested in recent developments in tools used for decision-making under uncertainty as well as economists currently applying Stochastic Dominance principles to the analysis of the Theory of Firm, International Trade, and the Theory of Finance.