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Bias and Sensitivity Under Ambiguity
Social Science Research NetworkThis paper characterizes the effects of ambiguity aversion under dispersed information. The equilibrium outcome is observationally equivalent to a Bayesian forecast of the fundamental with increased sensitivity to signals and a pessimistic bias.
Zhengxin Huo +2 more
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Do Eastern Religious Traditions Stifle or Encourage Corporate Innovation? Evidence from China
Journal of International Accounting ResearchAlthough the relationship between Western religiosity and innovation is widely investigated, the effect of Eastern religious traditions on corporate innovation remains unexplored.
Lihong Liang +3 more
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Communicating about Confidence: Cheap Talk with an Ambiguity-Averse Receiver
American Economic Journal: MicroeconomicsAn expert, who is only informed of the probability of possible states, communicates with a decision-maker through cheap talk. The decision-maker considers different probability distributions over states as possible and is ambiguity averse.
Philippe Colo
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Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case for Narrow Framing
, 2006N. Barberis +4 more
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