Measures of risk associated to regulations compliance: a laboratory experiment on the use of common-pool resources

Revollo-Fernández, Daniel A.; Aguilar-Ibarra, Alonso

doi:10.1080/13669877.2013.822914

Cited by 5 publications

(1 citation statement)

References 33 publications

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“…For a particular decision-maker, risk aversion can be measured. An example of a risk aversion measure defined within the expected utility theory is the Arrow-Pratt measure of absolute risk aversion (ARA) [42]. Based on the calculated value of the risk aversion measure, one of three levels of approach to risk can be selected.…”

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Selection of the Family Electric Car Based on Objective and Subjective Criteria—Analysis of a Case Study of Polish Consumers

Ziemba,

Kannchen,

Borawski

2024

Energies

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In accordance with the policies of European Union countries, including Poland, users of combustion vehicles are and will be encouraged in the coming years to purchase BEVs (battery electric vehicles) through various restrictions, burdens, and incentives. In this context, it is important to choose a BEV that meets consumer needs. The practical aim of the article was to analyse BEVs used in households and to select a car with the highest utility for such a household located in a specific city in Poland. The scientific goal was to analyse the impact of subjective criteria and the imprecision of judgements on the results of the multi-criteria assessment of BEVs. The research used the PVM-VSI (Preference Vector Method—Vector Space of Increments) method, which allows for examining the impact of subjective criteria on the assessment results. Moreover, by examining the deviations of the assessments, the PVM-VSI method also allows for measuring the imprecision of subjective judgements. The study showed that including subjective criteria in the decision-making model may have a decisive impact on the obtained ranking of alternatives. In the study using objective and subjective criteria, Nissan Ariya ranked first. However, in the ranking based solely on objective criteria, Kia Niro EV won, and the winner of the first ranking took the last place. In the study, the imprecision of judgements did not have a significant impact on the order of vehicles in the ranking. Based on utilities and standard deviations, it was found that only if the decision-maker was prone to gambling would there be a slight switch between alternatives.

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confidence: 99%

Selection of the Family Electric Car Based on Objective and Subjective Criteria—Analysis of a Case Study of Polish Consumers

Ziemba,

Kannchen,

Borawski

2024

Energies

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Economic behavior of fishers under climate-related uncertainty: Results from field experiments in Mexico and Colombia

Mina

Fernández

Ibarra³

et al. 2016

Fisheries Research

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This paper presents the results of economic experiments run among fishermen from the Mexican and Colombian Pacific. The experimental design aims at studying behavior under uncertainty concerning the possible effects of climate change on fisheries. We find that subjects' risk-aversion diminishes the level of catches and changes fishing practices (e.g. adopting marine reserves), provided that fishermen have ex ante information on possible climatic consequences.Furthermore, social preferences (e.g. for cooperation and reciprocity) also play an important role regarding extraction from common-pool resources. Other factors, such as income, gender and religion are also found to have some influence. These results have important implications for adaptation actions and the management of coastal fisheries. HighlightsSubjects' risk-aversion lowers catches and changes fishing practices (e.g. marine reserves).Social preferences (e.g. cooperation and reciprocity) also play an important role regarding extraction from common-pool resources.Results have important implications for adaptation actions and the management of coastal fisheries. Furthermore, social preferences (e.g. for cooperation and reciprocity) also play an important role regarding extraction from common-pool resources. Other factors, such as income, gender and religion are also found to have some influence. These results have important implications for adaptation actions and the management of coastal fisheries. Keywords

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Comparison of Direct Transfers for Human Capital Development and Environmental Conservation

Bauchet

Steele

et al. 2017

World Development

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Measures of risk associated to regulations compliance: a laboratory experiment on the use of common-pool resources

Cited by 5 publications

References 33 publications

Selection of the Family Electric Car Based on Objective and Subjective Criteria—Analysis of a Case Study of Polish Consumers

Selection of the Family Electric Car Based on Objective and Subjective Criteria—Analysis of a Case Study of Polish Consumers

Economic behavior of fishers under climate-related uncertainty: Results from field experiments in Mexico and Colombia

Comparison of Direct Transfers for Human Capital Development and Environmental Conservation

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