Optimising nudges and boosts for financial decisions under uncertainty

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Production and financial decisions under uncertainty

We propose a model of an incomplete markets economy with production, in which the firm acts as financial innovator by issuing claims against its stock. The firm’s objective is to maximize its adjusted value, which is the sum of the market value and the shareholders’ surplus from their trades in the stock markets. If a firm maximizes its adjusted value, then its financial policy is relevant (i.e...

متن کامل

Investment and Financial Decisions under Uncertainty and Exogenous Borrowing Rate

A competitive firm which chooses the timing of investment and optimal volume of debt is considered. The price of the firm’s output follows the geometric Brownian motion or more general jump-diffusion processes, and the firm takes an arbitrage free borrowing rate as given. The optimal timing of investment and volume of debt is computed, and it is shown that if the borrowing rate is close to the ...

متن کامل

Optimising Yacht Routes under Uncertainty

We consider the problem of finding a route that minimises the expected sailing time between two points on the ocean under uncertain weather conditions. This has applications in long distance offshore yacht racing. The uncertainty in the weather is modelled by a branching scenario tree that captures the serial correlation inherent in the evolution of weather systems over time. The stochastic sol...

متن کامل

Decisions Under Uncertainty: Probabilistic Analysis for Engineering Decisions

Uncertainty is an essential and inescapable part of life. During the course of our lives, we inevitably make a long series of decisions under uncertainty – and suffer the consequences. Whether it be a question of deciding to wear a coat in the morning, or of deciding which soil strength to use in the design of a foundation, a common factor in these decisions is uncertainty. One may view humanki...

متن کامل

Monetary Policy under Financial Uncertainty ∗

This paper considers the role of monetary policy in mitigating the effects of financial crises. I suppose that the economy occasionally but infrequently experiences crises, where financial variables directly affect the broader real economy. I analyze the formulation of monetary policy under such financial uncertainty, where policymakers recognize the possibility of financial crises, which leads...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Palgrave Communications

سال: 2019

ISSN: 2055-1045

DOI: 10.1057/s41599-019-0321-y