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The aim of this paper is to generalize the‎ ‎notion of almost valuation domains to arbitrary commutative‎ ‎rings‎. ‎Also‎, ‎we consider relations between almost valuation rings ‎and pseudo-almost valuation rings‎. ‎We prove that the class of‎ ‎almost valuation rings is properly contained in the class of‎ ‎pseudo-almost valuation rings‎. ‎Among the properties of almost‎ ‎valuation rings‎, ‎we sh...

The basic model for valuation of firm is the Dividend Discount Model (DDM). When investors buy stocks, they expect to receive two types of cash flow: dividend in the period during which the stock is owned, and the expected sales price at the end of the period. In the extreme example, the investor keeps the stock until the company is liquidated; in such a case, the liquidating dividend becomes t...

D. Buşneag 1 defined pseudo valuation on a Hilbert algebra and proved that every pseudo valuation induces a pseudometric on a Hilbert algebra. Also, D. Buşneag 2 provided several theorems on extensions of pseudo valuations. C. Buşneag 3 introduced the notions of pseudo valuations valuations on residuated lattices, and proved some theorems of extension for these using the model of Hilbert algebr...

Single-site recreation demand and dichotomous choice contingent valuation analyses are typically conducted by implementing models containing strong parametric assumptions, which are rarely underpinned by theoretical arguments. This work illustrates how these assumptions can be relaxed and the estimation conducted semiparametrically by using generalized additive models (GAMs). This approach dire...

This paper reports the results of a study to estimate a statistical health state valuation model for a revised version of the Health Utilities Index Mark 2, using Standard Gamble health state preference data. A sample of 51 health states were valued by a sample of the 198 members of the UK general population. Models are estimated for predicting health state valuations for all 8000 states define...

This paper studies the impact of second-order uncertainty on the (ex-post) efficiency of the 0.5-double auction. We consider a discrete double auction model in which the seller’s valuation is either vs or vs and the buyer’s valuation is either vb or vb with 0 = vs < vb < vs < vb = 1. The buyer’s valuation and the seller’s valuation are private information. We further assume that the buyer’s bel...

Theories of decision-making and its neural substrates have long assumed the existence of two distinct and competing valuation systems, variously described as goal-directed vs. habitual, or, more recently and based on statistical arguments, as model-free vs. model-based reinforcement-learning. Though both have been shown to control choices, the cognitive abilities associated with these systems a...