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pro vyhledávání: '"Oben K. Bayrak"'
Autor:
John D. Hey, Oben K. Bayrak
Publikováno v:
Journal of Economic Surveys. 34:154-174
The term ‘preference imprecision’ seems to have different meanings to different people. In the literature, one can find references to a number of expressions. For example: vagueness, incompleteness, randomness, unsureness, indecisiveness and thic
Autor:
John D. Hey, Oben K. Bayrak
Publikováno v:
SSRN Electronic Journal.
The term ‘preference imprecision’ seems to have different meanings to different people. In the literature, one can find references to a number of expressions. For example: vagueness, incompleteness, randomness, unsureness, indecisiveness and thic
Autor:
Oben K. Bayrak, John D. Hey
Publikováno v:
Applied Economics Letters. 24:906-910
This article presents a new model for decision-making under risk, which provides an explanation for empirically-observed preference reversals. Central to the theory is the incorporation of probability perception imprecision, which arises because of i
Autor:
Oben K. Bayrak, John D. Hey
Publikováno v:
SSRN Electronic Journal.
When people take decisions under risk, it is not only the expected utility that is important, but also the shape of the distribution of utility: clearly the dispersion is important, but also the skewness. For given mean and dispersion, decision-maker
Autor:
Oben K. Bayrak
Publikováno v:
SSRN Electronic Journal.
Although there are alternative models which can explain the Allais paradox with non-standard preferences, they do not take the emerging evidence on preference imprecision into account. The imprecision is so far incorporated into these models by addin
Autor:
Oben K. Bayrak
Publikováno v:
SSRN Electronic Journal.
In this note, I present a new way to be incorporated in modelling the decision under risk with imprecise preferences. This new framework views the imprecision range as the competing multiple selves within a self in terms of the subjective value of th
Autor:
John D. Hey, Oben K. Bayrak
Publikováno v:
SSRN Electronic Journal.
This paper presents a new theory, called Preference Cloud Theory, of decision-making under uncertainty. This new theory provides an explanation for empirically-observed Preference reversals. Central to the theory is the incorporation of preference im
Autor:
Bengt Kriström, Oben K. Bayrak
Publikováno v:
SSRN Electronic Journal.
We extend the literature on the willingness-to-pay/willingness-to-accept (WTP/WTA) disparity by testing two hypotheses, distilled from the literature. We also introduce a modified mechanism for eliciting the subjective valuation range if the individu
Using a unique and highly detailed data set of energy consumption at the appliance-level for 390 Swedish households, seemingly unrelated regression (SUR)-based end-use specific load curves are estimated. The estimated load curves are then used to exp
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::6da7ec0ab72c3442489f67f453dea3ff
http://www.cere.se/se/forskning/publikationer/609-residential-end-use-electricity-demand-and-the-implications-for-real-time-pricing-in-sweden.html
http://www.cere.se/se/forskning/publikationer/609-residential-end-use-electricity-demand-and-the-implications-for-real-time-pricing-in-sweden.html