Results 1 to 10 of about 74,497 (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, Sai Ma, Serena Ng
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, 2017 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
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
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
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
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What is Certain About Uncertainty?
Social Science Research Network, 2020 This paper provides a comprehensive survey of existing measures of uncertainty, risk, and volatility, noting their conceptual distinctions. It summarizes how they are constructed, their relative advantages in usage, and their effects on financial market ...
Danilo Cascaldi-Garcia +12 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
Superstition, Risk Aversion, and Audit Quality: Evidence from China
AuditingWe examine whether signing auditors’ perceptions of bad luck related to the Chinese zodiac-year superstition affect audit quality. We argue that these perceptions of bad luck heighten signing auditors’ sense of risk and lead them to act more cautiously
Huan Dou +3 more
semanticscholar +1 more source