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Published in:
1989 | OriginalPaper | Chapter
Areas of Application
Author : Professor Dr. Hans-Werner Sinn
Published in: Economic Decisions Under Uncertainty
Publisher: Physica-Verlag HD
Included in: Professional Book Archive
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The theory of decision making under uncertainty developed above has a large number of possible applications. Here we consider in more detail three of them only: optimal portfolio management, currency speculation, and insurance demand. These areas of interest seem to be good examples of problems that are difficult to handle with nonstochastic theories.