Browsing Bora-import by Subject "Risk"
Now showing items 1-2 of 2
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Business Corruption, Uncertainty and Risk Aversion
(CMI Working paper, Working paper, 2006)The presence of business-corruption in a market provokes firms to make choices between legal business approaches and illegal bribery. The outcome of a chosen strategy will usually be uncertain at the time the decision is ... -
Individual Choice under Uncertainty
(CMI Working paper, Working paper, 1993)The first part of this paper gives an overview of the dominating approach within economic theory on individual decision making under uncertainty or risk - the expected utility (EU) theory. The theory has increasingly been ...