A classical portfolio theory deals with finding the optimal proportion in which an agent invests a wealth in a risk-free asset and a probabilistic risky asset. Formulating and solving the problem depend on how the ris...
Supported by the College Excellent Young Talents Program of Anhui(gxyq2017243);the College Natural Science Foundation of Anhui Provincial Education Department(KJ2017A851)
This paper deals with the effort problem under multiple risks in bivariate utility setting. We identify preference conditions to insure positive or negative effect of a background variable uncertainty on effort in the...
The first section of this essay deals with an iconographical analysis of Lavinia Fontana’s(1552-1614)Prudence or Personification of Wisdom of 1590,while the second part provides an iconological interpretation,demonst...
Supported by the College Natural Science Foundation of Anhui Provincial Education Department(KJ2016A694);the University Excellent Young Talents Program of Anhui(gxyq2017243)
This paper deals with the issue of priority setting in health care under uncertainties about the severity of the illness and the effectiveness of medical treatment. We examine the effect of a disease uncertainty(a tre...
The International Accounting Standards Board (IASB) is one of the largest independent accounting standard setters whose publications, International Financial Reporting Standards (IFRSs), have revolutionalized the ...
Recently,the news that the National Development and Reform Commission(NDRC)will soon release provisional management rules on coal quality has sparked discussions in the market.According to a draft the NDRC has issue...
For Aristotle creating a virtuous character means habituating a stable emotional state or disposition (hex&), which enables the agent to feel and act rightly, and to have the intellectual virtue prudence (phron^si...
No masterpiece by great writers is single-sided.It is always polyhedron and is bound to show new sides if we read it in a different perspective.Traditionally,"the Mayor of Casterbridge",one of the important novels by ...
Chinese securities regulators have been stepping up preparation for expansion of the country's over-the- counter equity markets in recent months with a hope to broaden the fledging capital sector.