“One of the basic axioms of the rational theory of decision under uncertainty is Savage’s (1954) sure-thing principle (STP).

Minister of Basic Education, Ms. Siviwe Gwarube; Representatives of Universities, TVET Colleges and Research institutions; Thank you to my Cabinet colleague, Minister Gwarube, for once again inviting ...

In the 1960s and 1970s, as Asia pursued industrialization, the Philippines supplied skilled professionals to the region. Filipino engineers contributed to South Korea’s infrastructure projects, ...

Discover how econometricians use math and statistics to analyze and predict economic trends, serving in finance and academia ...

The problem with the “basic math” behind delaying Social Security is that it often overlooks longevity risk. While it’s true that waiting longer increases your benefit, your total lifetime payout ...

ABSTRACT: We prove that the stationary NUVO scalar transport equation λ 2 ∇ η 2 ψ+( 2 ∇ η lnλ⋅ ∇ η + ∇ η 2 lnλ )ψ=0 is gauge-equivalent, under ψ=ϕ/λ , to a Schrödinger eigenproblem ( − ℏ 2 2m Δ+ V ...