The Effect of Exchange Rates on Statistical Decisions
ثبت نشده
چکیده
Statistical decision theory, whether based on Bayesian principles or other concepts such as minimax or admissibility, relies on the idea of minimizing expected loss or maximizing expected utility. Loss and utility functions are generally treated as unitless numerical measures of how costly or valuable are the various consequences of potential decisions. In this paper, we address directly the issue of the units in which loss and utility are settled and the implications that those units have on the rankings of potential decisions. The simplest example is to imagine that the loss will be paid in units of some currency. If there are multiple currencies available for paying the loss, one must take explicit account of which currency is used as well as the exchange rates between the various available currencies.
منابع مشابه
The effect of bio rhythmic states of traders on their perceptual decisions in Tehran Stock Exchange
The aim of this study is to find the effect of trader’s biorhythmic cycles on their perceptual decisions in Tehran Stock Exchange. According to author’s point of view, decision making is one of the major factors of management skills, and in some cases, it is equivalent of management (Simon’s point of view). Also considering this fact that the knowledge of psychological factors and it’s effects ...
متن کاملThe Effect of CEO Tenure and Tax Planning of Listed Companies in Tehran Stock Exchange
Taxes are a motivating factor in many corporate decisions. Recent evidence shows that managerial actions designed solely to minimize corporate taxes through tax aggressive activities. This study was designed to investigate the relationship between one of the features of management as (CEO Tenure) on Tax Planning has been studied. This research in terms of the objective applied research and in t...
متن کاملExplain the role of financial knowledge of board members and CEO independence on the quality of accounting information in companies listed on the Tehran Stock Exchange
Among the main factors in creating fundamental changes in the economic environment of Iran, we can name the generalization of ownership of economic enterprises, financing through public participation and privatization of public sectors and economic enterprises. In such circumstances, the transparency and good quality of financial information, which is the basis of optimal economic decisions of ...
متن کاملImpact of Long-term Debt on Overinvestment Problem of Agency
Business units are always faced with investment opportunities and need to make logical decisions on an optimal investment. Indeed, the investment of each business unit should be done with regard to the resource constraints and its effectiveness through the criteria for evaluating the projects including the net present value (NPV). The paper aims to investigate the effect of long-term debt on th...
متن کاملThe Effect of Internal and External Factors on Outstanding Claims of Banks (Case Study of Listed Banks on the Tehran Stock Exchange)
The purpose of this paper is to examine the impact of internal and external factors on the ratio of outstanding claims in those banks which are accepted in Tehran Stock Exchange. For this purpose, we used the data obtained from 8 banks and credit institution active in the Tehran Stock Exchange and using data regression panel. The present survey was examined over the period 2011 till 2015. The ...
متن کامل