An abstract is not available for this content. As you have access to content, full HTML content provided on page. A PDF of also in through the ‘Save PDF’ action button.

0

Most insurance companies publish few data on the occurrence and detection of insurance fraud. This stands in contrast to the previous literature on costly state verification, which has shown that it is optimal to commit to an auditing strategy, as the credible announcement of thoroughly auditing claim reports might act as a powerful deterrent. We show that uncertainty about fraud detection can ...

A Working Paper is the author's intellectual property. It is intended as a means to promote research to interested readers. Its content should not be copied or hosted on any server without written permission from publications. We model a common pool resource game under environmental uncertainty. A symmetric group of individuals face the dilemma of sharing a common resource: each player chooses ...

In today's investment world there is emphasis on the role of accounting information. Behavioral factors always play an important role in financial markets. All investors are not rational and their demand for riskiness of assets is influenced by their beliefs and feelings. Optimism, pessimism, self-confidence, ambiguity-aversion, etc. help changing the manner of decision-making process over time...

Let W (ψ; x, y) be the wideband ambiguity function. It is obtained in this note that y− α+2 2 W (ψ;x, y)(α > −1) is SO(2)-invariant if and only if the Fourier transform of ψ is a Laguerre function.

We provide a rationale for ambiguous communication. We do so by considering a cheap talk game in which a (possibly ambiguity averse) sender (S) able to randomize according to unknown probabilities faces an ambiguity averse receiver (R). We show that under fairly general circumstances, there exist equilibria featuring Ellsbergian communication strategies that allow both S and R to obtain a highe...

allusion is one of the styles of covered expression, and is one of the basic elements of illustration in the history of vassāf. vāssaf al-hazrah tries to make the prose closer to the poetic prose and add to its effect by using expression elements and especially illusion. the lack of an edited copy of the history of vassāf and its obliged and created prose has been the reason that this work has ...