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How do interacting decision-makers make strategic choices? If they’re rational and can somehow predict each other’s behavior, they may find themselves in a Nash equilibrium. However, humans display pervasive and systematic departures from rationality. They often do not conform to the predictions of the Nash equilibrium, or its various refinements. This has led to the growth of behavioral game theory, which accounts for how people actually make strategic decisions by incorporating social preferences, bounded rationality (for example, limited iterated reasoning), and learning from experience. This book brings together new advances in the field of behavioral game theory that help us understand how people actually make strategic decisions in game-theoretic situations.
This paper discusses findings of the Detailed Assessment of Observance of the Insurance Core Principles on Denmark. Insurance regulation in Denmark has a good level of compliance with the Insurance Core Principles. A particular strength of the Danish Financial Supervisory Authority’s approach is its close focus on key risks in the sector and its readiness to require action by companies to address vulnerabilities. Regular, even daily monitoring of market risk sensitivities is carried out on life insurers’ balance sheets. In nonlife insurance, regular testing of a number of key performance ratios helps to highlight potential weaknesses and to support early intervention. There is comprehensive oversight of the reinsurance programs of the nonlife companies in particular.
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Kept up to date by a monthly publication called: United States. Tax Court. Reports.
Citizens of the World deals with the Baha’is and their religion. While covering the historical development in sufficient detail to serve as a general monograph on Baha’i, emphasis is laid on examining contemporary Baha’i, with the Danish Baha’i community as a recurrent case. The book discusses Baha’i religious texts, rituals, economy, everyday life, demographic development, mission strategies, leadership, and international activism in analyses based on primary material, such as interview studies among the Baha’is, fieldwork data from the Baha’i World Centre in Israel, and field trips around the world. The approach is a combination of history of religions and sociology of religion within a theoretical framework of religion and globalisation. Several general topics in the study of new religions are covered. The book contributes to the theoretical study of globalisation by proposing a new model for analysing globalisation and transnational religions.
This title goes beyond the internal firm strategies of micromarketing and the 'four Ps' to take a broader perspective focused on the interconnectedness of markets, marketing, and society.
The 1st World Conference and Technology Exhibition on Biomass for Energy and Industry, held in Sevilla in June 2000, brought together for the first time the traditional European Conference on Biomass for Energy and Industry and the Biomass Conference of the Americas, thus creating the largest and most outstanding event in the worldwide biomass sector. The conference elaborated innovative global strategies, projects and efficient practice rules for energy and the environment at a key stage in the industry's development. New concepts and projects were highlighted to increase the social and political awareness for a change in worldwide resource consumption and to promote economically, socially and environmentally sustainable development for the next millennium. In 2 volumes, the Proceedings include some 470 papers essential to an understanding of current thinking, practice, research and global developments in the biomass sector - a vital reference source for researchers, manufacturers, and policy makers involved or interested in the use of biomass for energy and industry.
Includes papers and proceedings of the annual meeting of the American Economic Association. Covers all areas of economic research.
This book presents the latest perspectives and challenges within the interrelated fields of econophysics and sociophysics, which have emerged from the application of statistical physics to economics and sociology. Economic and financial markets appear to be in a permanent state of flux. Billions of agents interact with each other, giving rise to complex dynamics of economic quantities at the micro and macro levels. With the availability of huge data sets, researchers can address questions at a much more granular level than was previously possible. Fundamental questions regarding the aggregation of actions and information and the coordination, complexity, and evolution of economic and financial networks are currently receiving much attention in the econophysics research agenda. In parallel, the sociophysics literature has focused on large-scale social data and their interrelations. In this book, leading researchers from different communities – economists, sociologists, financial analysts, mathematicians, physicists, statisticians, and others – report on their recent work and their analyses of economic and social behavior.