Results 91 to 100 of about 76,828 (293)
Portfolio Choices and Asset Prices: The Comparative Statics of Ambiguity Aversion [PDF]
We investigate the comparative statics of "more ambiguity aversion" as defined by Klibanoff, Marinacci and Mukerji (2005) in the context of the static two-asset portfolio problem.
Gollier, Christian
core
Range convexity and ambiguity averse preferences
Economic Theory, 2001 Submitted - sswp1081 ...
GHIRARDATO, Paolo, MARINACCI, Massimo
openaire +4 more sources
Oil Futures Prices, Inflation Expectations, and Bond Risk Premiums
Journal of Futures Markets, EarlyView.ABSTRACT By decomposing West Texas Intermediate futures price changes into structural supply and demand shocks, this paper shows that dissecting the oil price significantly improves inflation forecasts. Empirically, demand‐driven shocks predict a negative real bond risk premium but a positive inflation risk premium; these opposing effects result in an ...
Haibo Jiang
wiley +1 more source
Responding to Precarity: Young People’s Ambiguity Aversion, Resilience, and Coping Strategies
Social SciencesThe nature of contemporary careers has shifted and is characterized by precarity, emphasizing the need for young people to possess adequate career resources in their pursuit of decent work.
Audrey Ansay Antonio +2 more
doaj +1 more source
Objective Imprecise Probabilistic Information, Second Order Beliefs and Ambiguity Aversion: an Axiomatization [PDF]
We axiomatize a model of decision under objective ambiguity or imprecise risk. The decision maker forms a subjective (non necessarily additive) belief aboutthe likelihood of probability distributions and computes the average expected utility of a given ...
Raphaël Giraud
core
Why Do Hedgers Hedge? The Role of Ambiguity
Journal of Futures Markets, EarlyView.ABSTRACT This paper investigates whether ambiguity influences hedging behavior in commodity futures markets. Using high‐frequency crude oil futures data, distinct measures of risk and ambiguity are linked to weekly hedging positions from the Commodity Futures Trading Commission (CFTC).
Fiona Höllmann
wiley +1 more source
Author Correction: Cumulative lifetime stressor exposure assessed by the STRAIN predicts economic ambiguity aversion. [PDF]
Nat Commun, 2023 Raio CM +5 more
europepmc +1 more source
Ambiguous Act Equilibria [PDF]
A game-theoretic framework that allows for explicitly randomized strategies is used to study the effect of ambiguity aversion on equilibrium outcomes.
Sophie Bade
core
Mergers and Acquisitions and Brexit: A Natural Experiment
International Journal of Finance &Economics, EarlyView.ABSTRACT We study the impact of Brexit uncertainty on one of the most important forms of corporate investment: mergers and acquisitions (M&As). Brexit provides us with an ideal natural experiment to explore the real effects of economic uncertainty and understand the underlying transmission mechanism. We document a significant decline in the number of M&
Di Luo +3 more
wiley +1 more source
Ambiguity, limited market participation, and the cross-sectional stock return
Journal of Management Science and EngineeringUsing expected utility under uncertain probability theory (EUUP, Izhakian, 2017, 2020), we study whether the ambiguity related to individual stocks is priced in the Chinese A-share market and the mechanism behind the ambiguity premium phenomenon ...
Yefang Yuan, Aifan Ling, Zhijun Hu
doaj +1 more source