The Research of a Hail Risk Evaluation under Imperfect Information

Environmental risk and welfare valuation under imperfect information

Consumers are often uninformed, or unsure, about the ambient level of environmental risk. An optimal policy must jointly determine efficient levels of self-protection, information provision, and public risk mitigation efforts. Unfortunately, conventional welfare measures are not amenable to welfare analysis in the presence of imperfect information. We develop a theoretical welfare measure, call...

Observational learning under imperfect information

The analysis explores Bayes-rational sequential decision making in a game with pure information externalities, where each decision maker observes only her predecessor’s binary action. Under perfect information the martingale property of the stochastic learning process is used to establish convergence of beliefs and actions. Under imperfect information, in contrast, beliefs and actions cycle for...

Unconscionability and Imperfect Information: A Research Agenda

Modeling of Decision Maker Under Imperfect Information

In real-life, imperfect information is commonly present in all the components of the decision making problem. In decision making problems a DM is almost never provided with perfect, that is ideal decision relevant information to determine states of nature, outcomes, probabilities, etc. We are known that, relevant information almost always comes imperfect. Imperfect information is information wh...

analysis of reading comprehension needs of the students of paramedical studies: the case of the students of health information management (him)

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