Przeglądaj według tematu "D81"

Wyświetlanie pozycji 1-4 z 4

    • Range-Dependent Utility 

      Kontek, Krzysztof; Lewandowski, Michał (2013-01-13)
      This paper introduces the concept of range-dependent utility. Instead of reference dependence which evaluates outcomes relative to some reference point, we postulate dependence on a given lottery (set of lotteries) outcomes ...

    • Choosing from multiple alternatives in cost-effectiveness analysis with fuzzy willingness-to-pay/accept and uncertainty 

      Jakubczyk, Michał (2016-04)
      Cost-effectiveness analysis of medical technologies requires valuing health, an uneasy task, as confirmed by variability of published estimates. Treating the willingness-to-pay/accept (WTP/WTA) as fuzzy seems an intuitive ...

    • When 0 + 1/3+1/3>2/3, but 0 + 0 +1/3 <1/3. How the median outcome impacts lottery valuation? 

      Kontek, Krzysztof; Birnbaum, Michael (2016-09)
      This paper presents the results of two experiments that exhibit monotonicity violations: some lotteries with three equally likely outcomes are valued more than a superior two-outcome lottery, while others are valued less ...

    • Monetary-Fiscal Forward Guidance 

      Kopiec, Paweł (2025-03)
      When central banks announce future interest rate cuts, the expected costs of servicing government debt decrease, freeing up additional resources in future budgets. This paper demonstrates that if the rational-expectations ...