EconPapers    
Economics at your fingertips  
 

Data Dispersion in Economics (I) - Possibility of Restrictions

Alexander Harin ()

Review of Economics & Finance, 2012, vol. 2, 59-70

Abstract: The article is devoted to data dispersion in economics. The state of the art and the problems of the utility theory are briefly reviewed. Examples of typical paradoxes, which are analyzed by the utility theory, are given. Analogous paradoxes may concern problems such as the underweighting of high and the overweighting of low probabilities, risk aversion, the equity premium puzzle, etc. Introductory examples of the restrictions near the boundaries of finite numerical segments and of the probability scale are considered and analyzed.

Keywords: Economics; Utility; Probability; Uncertainty; Decisions; Restrictions (search for similar items in EconPapers)
JEL-codes: C02 C44 D81 G22 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://www.bapress.ca/ref/ref-2012-3/1923-7529-2012-03-59-70.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:bap:journl:120305

Ordering information: This journal article can be ordered from
17 Alton Towers Circle, Unit 101 Toronto, ON, M1V3L8, Canada

Access Statistics for this article

Review of Economics & Finance is currently edited by H. Carlson

More articles in Review of Economics & Finance from Better Advances Press, Canada 17 Alton Towers Circle, Unit 101 Toronto, ON, M1V3L8, Canada.
Series data maintained by Carlson ().

 
Page updated 2017-06-25
Handle: RePEc:bap:journl:120305