Brexit, uncertainty, and migration decisions

Uncertainty in Consumer Decisions

Uncertainty has been identified as a major force shaping behaviour. The ubiquity of uncertainty in everyday choices is reflected in its prevalence in economic theories. Despite the acknowledged importance of uncertainty , however, the actual content of the concept is far from clear, for uncertainty has rarely been the focus of research. Presence of uncertainty has been used as a justification f...

Migration Decisions , Remittances , and Altruism

It is understandable that remittances are larger if the migrant is more altruistic. However, remittances that the household expects to receive, i.e. expected remittances, depend not only on remittances by the migrant, who has already moved to the host county, but also on how likely it is that a household member, a potential migrant, actually migrates. Such a probability can also be affected by ...

Modeling Individual Migration Decisions

We summarize recent research that formulates life cycle models of migration which are estimated using longitudinal data. These models consider multiple destinations and multiple periods. The framework offers a unified view applicable to internal and international migration flows, however data limitations severely hinder studies of international migration. As is common in modeling life cycle dec...

Brexit and health services.

Inconclusive Quantum Measurements and Decisions under Uncertainty

We give a mathematical definition for the notion of inconclusive quantum measurements. In physics, such measurements occur at intermediate stages of a complex measurement procedure, with the final measurement result being operationally testable. Since the mathematical structure of Quantum Decision Theory (QDT) has been developed in analogy with the theory of quantum measurements, the inconclusi...