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Chaitanya Joshi, Sophie Curtis-Ham, Clayton D?Ath and Deane Searle
A literature review of the important trends in predictive crime modeling and the existing measures of accuracy was undertaken. It highlighted the need for a robust, comprehensive and independent evaluation and the need to include complementary measures f...
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Alessandro Mazzoccoli and Maurizio Naldi
The expected utility principle is often used to compute the insurance premium through a second-order approximation of the expected value of the utility of losses. We investigate the impact of using a more accurate approximation based on the fourth-order ...
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Leandri Maritz,Merwe Oberholzer
AbstractOrientation: The expected utility theory was used as the lens to focus on how South African investors? demographics are associated with their financial risk tolerance.Research purpose: To determine the association between eight demographic variab...
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Farid Ameur,Mohamed Tkiouat
Pág. 1217 - 1224
In this paper, we analyze the attitudes of taxpayers regarding tax system. We propose an approach which combines between theory and practice. In the first step, we present a normative approach; based on a theoretical study. In order to produce an empiric...
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Jelena Z. Stankovic,Evica Petrovic
Pág. 31 - 44
Expected utility theory provides a framework for modeling choice of a rational individual, whose goal is to maximize expected utility to the preferences towards risk. However, extreme risks, such as, for example, a stock market crash or a natural disaste...
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Alaaeddin Al-Tarawneh,Mohmmad Khataybeh
Pág. 312 - 323
This paper attempts to explain the banking performance in Jordan to draw out the implications of related theories and evidence for policy makers. Accordingly, they can influence the banking industry, which, in turn, impacts the economy overall. We invest...
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Tapan Biswas
Pág. 67 - 75
The axiomatic foundation of the expected utility theory (which states that given a set of uncertain prospects individuals pick up the prospect which yields the highest expected utility) was first laid down by Von Neumann and Morgenstern (1947)....
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Marcelo Cabus Klotzle,Leonardo Lima Gomes,Luiz Eduardo Teixeira Brandão,Antonio Carlos Figueiredo Pinto
Pág. 395 - 416
Since the fifties, several measures have been developed in order to measure the performance of investments or choices involving uncertain outcomes. Much of these measures are based on Expected Utility Theory, but since the nineties a number of measures h...
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Tapan Biswas, Jolian McHardy
Pág. 17 - 37
We consider fixed and asking price strategies in the context of selling an asset with Bernoullian updating of the seller?s subjective probability of sale at a given price. The determination of optimal fixed, asking and endogenous reservation pr...
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Tyrone T. Lin and Shu-Yen Hsu
In uncertain food safety environments, the suppliers of food raw materials (FRM) are facing crucial food safety issues. Therefore, this article aims to probe the risk-averse attitude of FRM suppliers in the face changing marketing environments, in order ...
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Thibaut Théate and Damien Ernst
Classical reinforcement learning (RL) techniques are generally concerned with the design of decision-making policies driven by the maximisation of the expected outcome. Nevertheless, this approach does not take into consideration the potential risk assoc...
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Hyeon-ae Jang and Seungsik Min
Failure mode and effect analysis (FMEA) is one of the most widely employed pre-evaluation techniques to avoid risks that may occur during product design and manufacturing phases. However, use of the risk priority number (RPN) in traditional FMEA results ...
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Piotr Parasiewicz, Pawel Prus, Christos Theodoropoulos, Knut Alfredsen, Mikolaj Adamczyk, Claudio Comoglio and Paolo Vezza
Hydraulic habitat simulation models were designed for the quantitative determination of environmental flows that consider the needs of aquatic fauna in rivers and streams. In the past 50 years, the modeling techniques were significantly developed, but ex...
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Fang-Le Peng, Yong-Kang Qiao and Chao Yang
Safety issues are a major concern for the long-term maintenance and operation of utility tunnels, of which the focal point lies in the reliability of critical facilities. Conventional evaluation methods have failed to reflect the time-dependency and obje...
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Laura Patache,Octav Negurita
Pág. 60 - 70
According to the Council of Europe, Roma population in Romania is about 8.6% representing the largest minority group, exceeding the Hungarian ones. Demographic trends make the problem of the Roma minority even more stringent, through the fact that the po...
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Kazunori Nakajima, Naoki Sakamoto, Keiko Udo, Yuriko Takeda, Eiji Ohno, Masafumi Morisugi and Ryuta Mori
To measure economic effects of changes in environmental quality caused by climate change in Japan, we estimate beach loss damage costs in Japan and in each prefecture and evaluate the economic effectiveness of hypothetical adaptation measures to restore ...
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Snorre Lindset and Knut Anton Mork
In an economy with a sovereign wealth fund (SWF), the government may draw on the fund to supplement other government revenues. If the fund is invested in risky assets, this introduces a new stochastic element into the government?s budget. We analyze the ...
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Loretta Mastroeni, Alessandro Mazzoccoli and Maurizio Naldi
Service Level Agreements are employed to set availability commitments in cloud services. When a violation occurs as in an outage, cloud providers may be called to compensate customers for the losses incurred. Such compensation may be so large as to erode...
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Nishith Maheshwari, Srishti Srivastava and Krishnan Sundara Rajan
Geospatial data capture and handling of indoor spaces is increasing over the years and has had a varied history of data sources ranging from architectural and building drawings to indoor data acquisition approaches. While these have been more data format...
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Christian Jonnatan Jacobsen Soto Herrera,Fernanda Finotti Cordeiro Perobelli
Pág. 285 - 335
This article empirically test the lower partial moments models, Sortino, Upside Potential Ratio, Omega and Kappa, comparing them with the traditional CAPM, for listed shares of Ibovespa and Dow Jones index. These two classes of models are distinguished i...
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