Titlebook: Economics of Pessimism and Optimism; Theory of Knightian Kiyohiko G. Nishimura,Hiroyuki Ozaki Book 2017 Springer Japan KK 2017 Decision th

NOCT

Detection and Correction of Faults,One of the main objectives of this chapter is to show that the indeterminacy of equilibria may show up in a truly dynamic framework. In this sense, this chapter is very closely related to Chaps.?.–..

Capitulate

https://doi.org/10.1007/978-3-476-05609-2The investment decisions of any firm typically involve three features. First, future market conditions are uncertain. Second, the cost of investment cannot be retrieved and thus investment is irreversible. Third, the opportunity to invest does not vanish at once such that choosing a time to invest becomes a critical decision.

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PHIL

Die Lyrik der Münchner Zeit 1917–1922This chapter briefly reviews further and ongoing research along the lines developed in this book.

誘使

Overall Introduction,This book is about “uncertainty” in decision science and economic science and its application to everyday problems we face.

的闡明

愚蠢人

,Equilibrium Indeterminacy in Arrow–Debreu Economy with Knightian Uncertainty,This chapter describes the Arrow–Debreu economy with Knightian uncertainty as developed by Dana (Economic Theory, 23:569–587, 2004, Dana (.)). We show that indeterminacy can arise in this economy, although it is very “rare” in the sense we make clear below.

膠水

flaunt

harangue