Results 221 to 230 of about 50,021 (296)

Model Ambiguity versus Model Misspecification in Dynamic Portfolio Choice

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT We study aversion to model ambiguity and misspecification in dynamic portfolio choice. Risk‐averse investors (relative risk aversion γ>1$\gamma > 1$) fear return persistence, while risk‐tolerant investors (0<γ<1$0<\gamma <1$) fear mean reversion, when confronting model misspecification concerns of identically and independently distributed (IID)
PASCAL J. MAENHOUT   +2 more
wiley   +1 more source

From agnosis to accidental activism: Infinite regress and the Post Office Scandal

open access: yesJournal of Law and Society, EarlyView.
Abstract This paper explores the lived experiences of victims/survivors affected by the UK Post Office Scandal, drawing on 28 in‐depth interviews and critical legal analysis. It uses the concept of ‘accidental activism’ to explore how victims, initially isolated and disempowered, became central agents of justice reform.
SALLY DAY   +3 more
wiley   +1 more source

Guaranteed Basic Income from the Perspective of Self‐Determination Theory

open access: yesJournal of Management Studies, EarlyView.
Abstract In capitalistic societies the concepts of income and labour are inseparable, and as such, providing all citizens with an unconditional living wage is a contentious issue. Capitalist ideals that emphasize individual effort, competition, and financial prosperity have spurred tremendous economic growth but underestimate human motivation and have ...
Joshua L. Howard
wiley   +1 more source

Kant on Bullshit Jobs—Mere Means and True Means

open access: yesJournal of Social Philosophy, EarlyView.
ABSTRACT Following David Graeber's Bullshit Jobs, there has recently been academic and public discussion about useless work. Immanuel Kant maintains that we ought to be means for others and that there is a duty to be useful. Graeber and Kant are both concerned with a form of harm often overlooked in contemporary ethics and political philosophy, namely,
Martin Sticker
wiley   +1 more source

Output Gap Uncertainty, Sovereign Risk Premia and the Contingent Importance of the Bond Vigilantes

open access: yesMetroeconomica, EarlyView.
ABSTRACT This paper investigates the implications of output gap uncertainty for the conduct of fiscal policy using a small‐scale macroeconomic model with boundedly rational agents. Specifically, agents use an adaptive updating mechanism to approximate the unobservable potential output that suffers, similarly to the Hodrick and Prescott (1997) filter ...
Christian R. Proaño, Jonas Dix
wiley   +1 more source

Pseudo, or Not? Neo‐Goodwinian Growth Cycles With Financial Linkages

open access: yesMetroeconomica, EarlyView.
ABSTRACT A profit‐led Goodwin mechanism generates the observed counterclockwise activity–labor share cycle. Introducing a financial linkage can reproduce this pattern even when demand is not profit‐led. This paper extends neo‐Goodwinian theory by incorporating the valuation ratio into a four‐dimensional model.
Rudiger von Arnim, Luis Felipe Eick
wiley   +1 more source

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