The international literature on active labour market programmes has generated inconsistent and confusing, but generally pessimistic, conclusions regarding their impact on the employment prospects of participants. This paper argues that much of this confusion is due to a general lack of attention to qualitative differences between programmes. The paper develops a typology of active labour market...

This paper provides new foundations for Bayesian Decision Theory based on a representation theorem for preferences de…ned on a set of prospects containing both factual and conditional possibilities. This use of a rich set of prospects not only provides a framework within which the main theoretical claims of Savage, Ramsey, Je¤rey and others can be stated and compared, but also allows for the po...

This study examined the adoption prospects and challenges of rice-cum-fish production technology among rice and fish farmers in selected States in southern Nigeria (Delta, Edo, Lagos and Ondo States). Using questionnaire, data was sought from 720 sampled rice and fish farmers in the selected States. The data were analysed using descriptive statistics, logit regression. Results showed that more ...

The primary objective of this paper is to develop a framework in which a decisionmaker may have subjective beliefs about the “riskiness” of prospects, even though the risk structure of these prospects is objectively specified. Put differently, we investigate preferences over risky alternatives by postulating that such preferences arise from more basic preferences that act on the subjective tran...

Bi-directional enduring changes of cortical plasticity 69 induced by a novel paired stimulation protocol Workshop-New prospects of transcranial electrical stimulation (tES) Future prospects of transcranial electrical stimulation (tES) 84 Marco Cambiaghi-Letizia Leocani Electrophysiological effects of transcranial direct current 87 stimulation (tDCS) in the visual system: evidence from a mice st...

Decision theory distinguishes between risky prospects, where the probabilities associated with the possible outcomes are assumed to be known, and uncertain prospects, where these probabilities are not assumed to be known. Studies of choice between risky prospects have suggested a nonlinear transformation of the probability scale that overweights low probabilities and underweights moderate and h...

n his article on fragmentation of authority, Vladimir Brovkin reviews the general character of government and property relations in contemporary Russia and draws some strong conclusions. If his conclusions are correct, the prospects for the Russian economy are poor. In this note, I shall review some of the governance issues that bear on Russian economic prospects and offer not a Panglossian vie...

This paper examines the prospects for the future of maglev technology in general. Future applications will depend on a variety of factors including the extent to which Transrapid or other maglev technologies can be proven superior to its competitors technically, environmentally, and economically. This paper will address the extent to which the potentially beneficial attributes of maglev technol...

Prospect theory developed by Kahneman and Tversky has been among the most influential psychological models and explains many nonnormative decision-making phenomena, e.g. why people play the lottery or bet on long-shots. A Certainty Equivalent procedure was used during functional magnetic resonance imaging to identify the neural substrates that are important for nonlinear transformation of proba...