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The Cost of Information in Dependence on the Investor Relation to the Risk

100%

Hašková S.

Folia Oeconomica Stetinensia

2012

vol. 11

issue 1

73-85

The contribution sets simple mathematic models describing and explaining the way of behavior of various types of investors (the private and institutionalized ones). The models come from the cardinal utility theory which is used for explaining the connection between the subjective relationship towards risk and some pathologic phenomenon of finance theory (for example the moral hazard question of institutionalized investors) and takes into account the decision making of both ordinary people and professional investors. A reliable estimate of the economic surroundings where the investment should run contributes significantly to a quality of the particular investment decisions. The article contributes to a quality of the investment decision by the original and primary approach to pricing information that lowers the uncertainty in occurrences of the relevant scenarios of the project’s development. At the conclusion there is shown how the shift of the decision breaking point shapes the amount of the acceptable price of the information.

Komplementarność w przyrodzie i... poza nią? albo: coincidentia oppositorum w Biblii, jak tego chce Cusanus

63%

Toeplitz K.

Gdański Rocznik Ewangelicki

2015

vol. 9

243-257

Complementarity in Nature and … beyond? or: coincidentia oppositorum in the Bibleas Cusanus wishes it In the micro-world, science states both indeterminacy of cognitive re-sults and dubious character of elementary particles, e.g. of light: corpus¬cular and wave. Hence former ideal of science which was supposed to give certainty of cognitive results lost its raison d'être, not mentioning the principle of indeterminacy. In humanities and in everyday life we aim at formulating conclusions which are supposed to give certainty. If we are not able to give evidence, cognition must be lacking precision to some extent. Since the whole Bible has inspired character, the contradictions appearing in it cannot be accidental, and so they become a task for a man. Therefore criterion of coherence in the Bible does not have raison d'être, and hence we encounter some immanent contradictions in it, e.g. recommendations, and on that account a man has to choose between them, the choices resulting in for and against arguments. In consequence, the act of faith will have to be accompanied by uncertainty and risk. The author illustrates these theses by the examples from the Old and the New Testaments, exemplarily analyzing so called „Abraham’s conflict”. Existentialized faith understood in this way does not comprise single acts, there should be repetitive choices forcing a man into steady activity in religious sphere. In contrast to empirical sciences, contradictions included in the Bible do not onlydisqualify the Gospel, but they have faith-creating character because of it.

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The Cost of Information in Dependence on the Investor Relation to the Risk

Komplementarność w przyrodzie i... poza nią? albo: coincidentia oppositorum w Biblii, jak tego chce Cusanus