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Essays in the theory of risk-bearing
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The article was published on 1958-01-01 and is currently open access. It has received 3688 citations till now. The article focuses on the topics: Bearing (mechanical).read more
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Modeling for water quality decisions: uncertainty and subjectivity in information, in objectives, and in model structure
TL;DR: In this paper, the authors discuss selected decision analytic approaches to the handling of uncertainty and subjectivity associated to information available, as a decision criterion, and as a component influencing the model structure.
Risk aversion and expected-utility theory: coherence for small- and large-stakes gambles
James C. Cox,Vjollca Sadiraj +1 more
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State of the art in benefit-risk analysis: Economics and Marketing-Finance
Nikos Kalogeras,Gaby Odekerken-Schröder,Joost M.E. Pennings,H. Gunnlaugsdóttir,F. Holm,O. Leino,J.M. Luteijn,S.H. Magnússon,M.V. Pohjola,M.J. Tijhuis,Jouni T. Tuomisto,Ø. Ueland,B.C. White,Hans Verhagen,Hans Verhagen +14 more
TL;DR: The role that benefits and risks play in the formation of the decision-making process of market-participants, who are engaged in the upstream and downstream stages of the food supply chain are discussed and a conceptual framework to study the benefit-risk behaviour of market participants is introduced.
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Estimating risk aversion coefficients for dry land wheat, irrigated corn and dairy producers in Kansas
TL;DR: The risk attitudes of dry land wheat, irrigated corn, and dairy producers in Kansas were examined using the nonlinear mean-standard deviation approach as mentioned in this paper, and the results indicated that dryland wheat producers are characterized by increasing absolute and increasing relative risk aversion.
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Incumbents and institutions: How the value of resources varies across markets
TL;DR: In this article, the influence of complementary resources on incumbents' success in a co-existence with a radical technological change is investigated. But, the authors do not consider the role of the complementary resources in the success of incumbents.