Risk-aversion modeling: Medium-term electricity retailer decision-making

Author(s):  
Miguel Carrion
2019 ◽  
Vol 15 (3) ◽  
pp. 285-291 ◽  
Author(s):  
Yufeng Zhang ◽  
Zhuo Job Chen ◽  
Shiguang Ni

2014 ◽  
Vol 697 ◽  
pp. 482-487
Author(s):  
Shi Ying Jiang ◽  
Chun Yan Ma

Background on two stages green supply chain consisting of a manufacturer and a retailer, considering the degree of risk aversion and product greenness, consumer preferences and other factors, the centralized decision-making game model and manufacturer-leading Stackelberg game model are established.Then two game models are compared. The interaction of product greenness, wholesale price, product price,and risk aversion utility for manufacturers and retailers are also disscussed. Finally, the revenue sharing contract is applied to coordinate the green supply chain . The results show that:(1) In the centralized decision-making model, there is a critical value of the product green degree; (2)In manufacturer-leading Stackelberg game model, the higher the green degree of the product, the higher the manufacturer's wholesale price,and the wholesale price increases as risk aversion degree of manufacturers improves;(3)The revenue sharing contract can coordinate this type of green supply chain under manufacturers risk-averse.


2021 ◽  
Author(s):  
Rebecca Kazinka ◽  
Iris Vilares ◽  
Angus MacDonald

This study modeled spite sensitivity (the worry that others are willing to incur a loss to hurt you), which is thought to undergird suspiciousness and persecutory ideation. Two samples performed a parametric, non-iterative trust game known as the Minnesota Trust Game (MTG). The MTG is designed to distinguish suspicious decision-making from otherwise rational mistrust by incentivizing the player to trust in certain situations. Individuals who do not trust even under these circumstances are particularly suspicious of their potential partner’s intentions. In Sample 1, 243 undergraduates who completed the MTG showed less trust as the amount of money they could lose increased. However, for choices where partners had a financial disincentive to betray the player, variation in the willingness to trust the partner was associated with suspicious beliefs. To further examine spite sensitivity, we modified the Fehr-Schmidt (1999) inequity aversion model, which compares unequal outcomes in social decision-making tasks, to include the possibility for spite sensitivity. In this case, an anticipated partner’s dislike of advantageous inequity (i.e., guilt) parameter could take on negative values, with negative guilt indicating spite. We hypothesized that the anticipated guilt parameter would be strongly related to suspicious beliefs. Our modification of the Fehr-Schmidt model improved estimation of MTG behavior. We isolated the estimation of partner’s spite-guilt, which was highly correlated with choices most associated with persecutory ideation. We replicated our findings in a second sample, where the estimated spite-guilt parameter correlated with self-reported suspiciousness. The “Suspiciousness” condition, unique to the MTG, can be modeled to isolate spite sensitivity, suggesting that spite sensitivity is separate from inequity aversion or risk aversion, and may provide a means to quantify persecution. The MTG offers promise for future studies to quantify persecutory beliefs in clinical populations.


2020 ◽  
Vol 36 (2) ◽  
pp. 314-342
Author(s):  
Erin Giffin ◽  
Erik Lillethun

Abstract Civil disputes feature parties with biased incentives acquiring evidence with costly effort. Evidence may then be revealed at trial or concealed to persuade a judge or jury. Using a persuasion game, we examine how a litigant’s risk preferences influence evidence acquisition incentives. We find that high risk aversion depresses equilibrium evidence acquisition. We then study the problem of designing legal rules to balance good decision making against the costs of acquisition. We characterize the optimal design, which differs from equilibrium decision rules. Notably, for very risk-averse litigants, the design is “over-incentivized” with stronger rewards and punishments than in equilibrium. We find similar results for various common legal rules, including admissibility of evidence and maximum awards. These results have implications for how rules could differentiate between high risk aversion types (e.g., individuals) and low risk aversion types (e.g., corporations) to improve evidence acquisition efficiency.


2013 ◽  
Vol 74 (1) ◽  
pp. 69-84 ◽  
Author(s):  
David R. Hansen ◽  
William M. Cross ◽  
Phillip M. Edwards

This paper presents the results of a survey of 110 ARL institutions regarding their copyright policies for providing electronic reserves. It compiles descriptive statistics on library practice as well as coding responses to reveal trends and shared practices. Finally, it presents conclusions about policy making, decision making and risk aversion in ARL institutions.


2012 ◽  
Vol 84 (1) ◽  
pp. 163-173 ◽  
Author(s):  
Richard T. Bliss ◽  
Mark E. Potter ◽  
Christopher Schwarz

2002 ◽  
Vol 16 (2) ◽  
pp. 209-225 ◽  
Author(s):  
Robert L. Leahy

Individuals with different personality disorders are hypothesized to approach decision making with a variety of concerns related to their perception of their general efficacy, information demands, risk aversion, and utility of gains and losses. A variation of modern portfolio theory is employed to examine decision-making in a clinical population of adult patients. Variations along personality dimensions were related to a number of decision-making concerns and strategies. The implications of these findings are examined in the clinical treatment of personality disorders.


Author(s):  
Alphonse Hounsounou ◽  
Prof. Dr. Hito Braga de Moraes ◽  
Prof. Dr. Maamar El Robrini

The Autonomous Port of Cotonou (PAC) located in West Africa has an access channel 15m deep, 11 berths, and an internal draft of 15m (maximum), and is connected with a road to serve continental countries such as Burkina-Faso, Chad , Mali, Niger and Nigeria. The PAC presents low productivity (average of 10,000,000 tons / year, 24.40% of the movement from the port of Lagos / Nigeria) in West Africa. This article aims to evaluate the application of fuzzy logic in the Autonomous Port of Cotonou (Benin) in the analysis of logistic viability. The methodology followed the fuzzy logic that is a support method for logistic decision-making, based on fuzzy rules (SBRF). It was used characteristic of Mamdani Matlab Toolbox with three membership functions (triangular, trapezoidal and Gaussian) to model the quality variables of infrastructures and services, equipment productivity, seeking a long-term way out of logistic viability. The result of logistic viability was medium term, equivalent to 13 years / 25 years; as far as the outcome of the future PAC is concerned. The logistic viability of the PAC depends on its input variables. The projection of this application was long term, at least 19 years / 25 years when the infrastructures are of good quality and the equipment is more modern and consistent with the current realities to satisfy the expectations of the customers.  


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