topic:Influence of Demand Uncertainty and Demand Level On Ordering Behaviour
A paperboy orders the number of newspapers needed each period for the next period. How do demand uncertainty and demand level affect the ordering decision? And how is it different from the rational solution?
Basic literature:
1.Andreoni; Sprenger (2012) Risk Preference Art Not Time Preferences, American.
Economic Review 102 (7), 3357-3376.
2.Webb; Young. (2015) Waiting when Both Certainty and Magnitude Are Increasing:
Certainty Overshadows Magnitude, Journal of Behavioral Decision Making 28 (3), 294-307
Preparation of a seminar paper based on the basic article.
Each participant one independent paper
In general, participants should always do their own calculations!
If necessary, discuss the focus and structure of the paper with your supervisor (you are responsible for fetching the paper).
Follow the instructions for seminar papers: www.bwl.uni-hamburg.de/lscm/lehre/abschlussarbeite…
Please arrange supervision times in good time (holidays/conferences).
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