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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
EN
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.
2
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Metoda SAW z przedziałowymi danymi i wagami uzyskanymi za pomocą przedziałowej entropii Shannona

63%
Kacprzak D.
Studia Ekonomiczne
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2018
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vol. 348
144-155
PL
Celem artykułu jest rozszerzenie metody SAW na problemy podejmowania decyzji z danymi przedziałowymi. Pozwala to na modelowanie problemów rzeczywistych, w których nie można dokładnie zmierzyć danych. Zaproponowana metoda wykorzystuje entropię Shannona, która jest jedną z metod wyznaczania obiektywnych wag kryteriów. Pozwala to uniknąć subiektywizmu i nieprecyzyjności spowodowanej niekompletną wiedzą, osądami, opiniami i preferencjami decydentów.
XX
The aim of the paper is to extend the SAW method for decision-making problems with interval data. This allows modeling real life problems in which data cannot be measured precisely. Moreover, proposed method uses Shannon’s entropy which is one of the methods for finding objective weights of criteria. It allows to avoid subjectivity and imprecision caused by incomplete knowledge, judgments, opinions and preferences of decision makers.
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