This volume invites young scientists and doctoral students in the fields of capital market theory, informational economics, and mana gement science to visualize the many different ways to arrive at a thorough understanding of risk and capital. Rather than focusing on one subject only, the sample of papers collected may be viewed as a representative choice of various aspects. Some contributions have more the character of surveys on the state of the art while others stress original research. We fou d it proper to group the papers under two main themes. Part I covers information, risk aversion,...
This volume invites young scientists and doctoral students in the fields of capital market theory, informational economics, and mana gement science to...
During the week of September 20-23, 1983, an International Workshop on Interactive Decision Analysis and Interpretative Computer Intelligence was held at the International Institute for Applied Systems Analysis (IIASA) in Laxenburg, Austria. More than fifty scientists representing seventeen coun tries participated. The aim of the Workshop was to review existing approaches to problems involving multiple conflicting objectives, to look at methods and techniques for interactive decision analysis, and to demonstrate theuse of existing interactive decision-support systems. The Workshop was...
During the week of September 20-23, 1983, an International Workshop on Interactive Decision Analysis and Interpretative Computer Intelligence was held...
An investor who wants to invest a certain amount and to whom a lot of more or less risky alternatives arise would divide this amount among several securities. He makes this portfolio decision because of his expectations with regard to these assets which result from the information available to him. If the investor obtains additional information, then his knowledge would improve and, therefore, the portfolio decision made by him. Accordingly, he will be ready to accept certain costs related to the information procurement. The value of information indicates the maximum tolerable information...
An investor who wants to invest a certain amount and to whom a lot of more or less risky alternatives arise would divide this amount among several sec...
This research was supported by the World Bank and the Social Sciences and Humanities R search Council of Canada. Neither institution is responsible for the views expressed in this paper. The author is indebted to V. Corbo, A. Haymer, Y. Kanemoto, K. Lee, K. Mera, Hal Varian and A. Walters for helpful comments and to Elizabeth Lambert, Shehnaz Motani', and Jeanette Leigh Paisley for excellent typing services. I would like to dedicate this book to my wife, Virginia. TABLE OF CONTENTS 1. Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. A Simple Producer Benefit...
This research was supported by the World Bank and the Social Sciences and Humanities R search Council of Canada. Neither institution is responsible fo...
This monograph grew out of a project which was sponsored by the Swiss National Foundation ("Schweizerischer Nationalfonds") under grant no. 4. 636-0. 83. 09. Yithin this project, prediction-oriented estimation methods for the canonical econometric disequilibrium model were developed. The present monograph deals with the application of these estimation techniques to three aggregative markets of the Swiss economy. Parts of the monograph have been presented at various places: the estimation techniques described in chapter 3 at the European Meeting of the Econometric Society, Madrid 1984; the...
This monograph grew out of a project which was sponsored by the Swiss National Foundation ("Schweizerischer Nationalfonds") under grant no. 4. 636-0. ...
The investigation of special topics in systems dynamics -uncertain dynamic processes, viability theory, nonlinear dynamics in models for biomathematics, inverse problems in control systems theory-has become a major issue at the System and Decision Sciences Research Program of the International Insti tute for Applied Systems Analysis. The above topics actually reflect two different perspectives in the investigation of dynamic processes. The first, motivated by control theory, is concerned with the properties of dynamic systems that are stable under vari ations in the systems' parameters. This...
The investigation of special topics in systems dynamics -uncertain dynamic processes, viability theory, nonlinear dynamics in models for biomathematic...
The completion of this thesis gives me feelings of satisfaction and thankfulness. Satisfaction because its results appear to be worthwile and relevant, and thankfulness towards so many persons who contributed to the progress of the work. The project "Analysis of multilevel decisions" was granted by the common research pool of Tilburg University and Eindhoven University of Techno- logy (Samenwerkingsorgaan Brabantse Universiteiten). During the 4-year lead time, the Department of Econometrics of Tilburg University provided not only a single room but also a pleasant and inspiring environment,...
The completion of this thesis gives me feelings of satisfaction and thankfulness. Satisfaction because its results appear to be worthwile and relevant...
In vector optimization one investigates optimization problems in an abstract setting which have a not necessarily real-valued objective function. This scientific discipline is closely related to multi-objective optimization and multi-criteria decision making. This book contains refereed contributions to the "International Conference on Vector Optimization" held at the Technical University of Darmstadt from August 4-7, 1986. This meeting was an interdisciplinary forum devoted to new results in the theory, to applications as well as to the solution of vector optimization problems which are...
In vector optimization one investigates optimization problems in an abstract setting which have a not necessarily real-valued objective function. This...
