The researching on the DMUs with undesirable outputs gives the non-radial model FDEA of the relative efficiency evaluation,proves the efficiency theories, and calculates the example.The application of FDEA model shows...The researching on the DMUs with undesirable outputs gives the non-radial model FDEA of the relative efficiency evaluation,proves the efficiency theories, and calculates the example.The application of FDEA model shows its importance in the production to save the resources,improve the desirable outputs, and decrease the undesirable outputs,especially reduce the environmental pollution.展开更多
Contrary to the conventional wisdom which suggests that a perfectly rational subject with risk-averse attitude should never gamble, this paper provides a vivid example in our real economy for people to expect a positi...Contrary to the conventional wisdom which suggests that a perfectly rational subject with risk-averse attitude should never gamble, this paper provides a vivid example in our real economy for people to expect a positive return to gamble Within the existing literature, scholars have proposed different reasons to explain why an original risk-averse person would start to gamble, with the implicit assumption that the expected payoff of a bet is always lower than its cost. In contrast, our paper discusses when and why a risk-averse person could bet strategically with a positive expected return; in particular, we used field data in Hong Kong to illustrate a vivid scenario for positive expected return in gambling.展开更多
文摘The researching on the DMUs with undesirable outputs gives the non-radial model FDEA of the relative efficiency evaluation,proves the efficiency theories, and calculates the example.The application of FDEA model shows its importance in the production to save the resources,improve the desirable outputs, and decrease the undesirable outputs,especially reduce the environmental pollution.
文摘Contrary to the conventional wisdom which suggests that a perfectly rational subject with risk-averse attitude should never gamble, this paper provides a vivid example in our real economy for people to expect a positive return to gamble Within the existing literature, scholars have proposed different reasons to explain why an original risk-averse person would start to gamble, with the implicit assumption that the expected payoff of a bet is always lower than its cost. In contrast, our paper discusses when and why a risk-averse person could bet strategically with a positive expected return; in particular, we used field data in Hong Kong to illustrate a vivid scenario for positive expected return in gambling.
