Abstract We propose a new measure of deviations from expected utility theory. For any positive number e, we give characterization the datasets with rationalization that is within e (in beliefs, utility, or perceived prices) (EU) theory, under assumption risk aversion. The can then be used as how far data to EU apply our methodology three large-scale experiments. Many subjects in these experimen...

This paper documents that the earnings yield and book-to-price combine to predict equity returns in a way that is consistent with the rational pricing of risk. It is well known that earnings yields predict returns in the cross-section, consistent with standard formulas that show that the earnings yield equals the required return when there is no expected earnings growth beyond that from retenti...

Alkenes containing N-heteroaromatics are known to be poor partners in cross-metathesis reactions, probably due to catalyst deactivation caused by the presence of a nitrogen atom. However, some examples of ring-closing and cross-metathesis involving alkenes that incorporate N-heteroaromatics can be found in the literature. In addition, recent mechanistic studies have focused on the rationalizati...

Rather than a new feature of modern industrial society, we argue that the much-discussed problem of "risk" represents only a modern conceptual language for discussing the age-old problems of uncertainty and control. What is different about the worries of the present day is not the number of hazards we face or the degree of uncertainty we feel about our lives, but rather it is the language we us...

When rationalization is carried out in the community the result is that all forms of work must be considered in the same way as modern industrial work, whether it be office-work, administration, ?r even work in hospitals and the care of the sick in general. This produces four important results, i.e. (a) increasingly specialised jobs, (b) industrial organization, (c) specialized working environm...

We investigate here antecedents and consequences of supplier integration (black-box and gray-box) in product development activities. Antecedents include embeddedness with suppliers, supply base rationalization, and supplier selection based on product development capabilities. Product innovation and quality are modeled as returns of supplier integration in product development. We also assess the...