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2 Decision Theory

  • Thorsten Hens
  • Marc Oliver Rieger
Chapter
  • 441 Downloads
Part of the Springer Texts in Business and Economics book series (STBE)

Abstract

The efficiency of the measure can be determined through computing the expected utility of playing the lottery of illegal parking under that measure. The measure with the lowest expected utility of illegal parking should be taken.

Copyright information

© Springer-Verlag GmbH Germany, part of Springer Nature 2019

Authors and Affiliations

  • Thorsten Hens
    • 1
  • Marc Oliver Rieger
    • 2
  1. 1.Department of Banking and FinanceUniversity of ZurichZürichSwitzerland
  2. 2.Department of Business AdministrationUniversity of TrierTrierGermany

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