Results 1 to 10 of about 81,250 (48)
Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response?
American Economic Journal: Macroeconomics, 2015 Uncertainty about the future rises in recessions. But is uncertainty a source of business cycles or an endogenous response to them, and does the type of uncertainty matter?
S. Ludvigson +3 more
semanticscholar +1 more source
The Effect of Macroeconomic Uncertainty on Household Spending
Social Science Research Network, 2021 We use randomized treatments that provide different types of information about the first and/or second moments of future economic growth to generate exogenous changes in the perceived macroeconomic uncertainty of treated households.
Olivier Coibion +4 more
semanticscholar +1 more source
Monetary Policy, Bounded Rationality, and Incomplete Markets
The American Economic Review, 2019 This paper extends the benchmark New-Keynesian model by introducing two frictions: (i) agent heterogeneity with incomplete markets, uninsurable idiosyncratic risk, and occasionally-binding borrowing constraints; and (ii) bounded rationality in the form ...
E. Farhi, I. Werning
semanticscholar +1 more source
Optimal Insurance: Dual Utility, Random Losses and Adverse Selection
Social Science Research Network, 2023 We study a generalization of the classical monopoly insurance problem under adverse selection (see Stiglitz 1977) where we allow for a random distribution of losses, possibly correlated with the agent’s risk parameter that is private information.
Alex Gershkov +3 more
semanticscholar +1 more source
American Economic Journal: Applied Economics, 2022 Previous work has shown that preferences are not always stable across time, but surprisingly little is known about the reasons for this instability. I examine whether variation in people's emotions over time predicts changes in risk attitudes.
Armando N. Meier
semanticscholar +1 more source
Expecting the Unexpected: Emissions Uncertainty and Environmental Market Design
The American Economic Review, 2019 We study potential equilibria in California’s cap-and-trade market for greenhouse gases (GHGs) based on information available before the market started.
S. Borenstein +3 more
semanticscholar +1 more source
Corporate cybersecurity risk and data breaches: A systematic review of empirical research
Australian Journal of ManagementCybersecurity constitutes a major concern for corporations. Given the disciplinary barriers that fragment existing research on cybersecurity, we conduct a systemic review of 203 empirical studies on the determinants and consequences of corporate ...
Chelsea Liu, M. A. Babar
semanticscholar +1 more source
Uncertainty and Information Acquisition: Evidence from Firms and Households
Social Science Research NetworkWe leverage the small open economy Switzerland as a testing ground for basic premises of macroeconomic models of endogenous information acquisition, using tailored surveys of firms and households.
H. Mikosch +3 more
semanticscholar +1 more source
Algorithmic Risk Assessment in the Hands of Humans
Social Science Research Network, 2019 We evaluate the impacts of adopting algorithmic risk assessments in sentencing. We find that judges changed sentencing practices in response to the risk assessment, but that discretion played a large role in mediating its impact. Judges deviated from the
M. Stevenson, Jennifer L. Doleac
semanticscholar +1 more source
Slow to Anger and Fast to Forgive: Cooperation in an Uncertain World
, 2012 We study the experimental play of the repeated prisoner's dilemma when intended actions are implemented with noise. In treatments where cooperation is an equilibrium, subjects cooperate substantially more than in treatments without cooperative equilibria.
D. Fudenberg, David G. Rand, Anna Dreber
semanticscholar +1 more source