Results 271 to 280 of about 179,903 (308)

UNCERTAINTY AVERSION AND PORTFOLIO INERTIA

Bulletin of Economic Research, 2011
Summary: In stock markets, we often observe\ portfolio inertia, i.e., a situation in which some stocks are not traded or not priced for a few minutes or longer. This is neither an exceptional situation in which some stock price soars too high to be priced, nor the one where some stock price plummets too much to be traded. By introducing the concept of `
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Uncertainty, Risk Aversion and International Trade

SSRN Electronic Journal, 2015
Abstract In this paper, I study the impact of uncertainty in the delivery of inputs on international trade patterns. I develop a model of sourcing decisions where risk-averse managers can contract with multiple suppliers in order to decrease the variability of firm profits. Among other results, the model predicts that firms will buy a larger share of
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Uncertainty Aversion and Systemic Risk

SSRN Electronic Journal, 2014
We propose a new theory of systemic risk based on Knightian uncertainty (or "ambiguity"). We show that, due to uncertainty aversion, beliefs on future asset returns are endogenous, and bad news on one asset class induces investors to be more pessimistic about other asset classes as well.
Dicks, David, Fulghieri, Paolo
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Uncertainty Averse Bank Runners [PDF]

, 2004
In the framework of a Diamond-Dybvig-Peck-Shell banking model, in which a broad class of feasible contractual arrangements is allowed and which admits a run equilibrium, we stress the assumption that depositors are uncertain of their position in the queue when expecting a run.
Guido Cozzi, Paolo E. Giordani
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Characterizing uncertainty aversion through preference for mixtures [PDF]

Social Choice and Welfare, 2001
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Final-Offer Arbitration with Uncertainty Averse Parties

SSRN Electronic Journal, 2016
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Çelen, Boğaçhan, Özgür, Onur
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Uncertainty Aversion and Economic Depressions

Challenge, 2009
The noted jurist argues that during times of economic downturns, the aversion to uncertainty of consumers and business people rises. This is a notion embedded, he argues, in the thinking of both John Maynard Keynes and Frank Knight. One conclusion is that government stimulus is necessary in such periods, like the current one, to reduce the fear of ...
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Uncertainty Averse Bank Runners

2008
Bank runs are relatively rare events characterized by highly pessimistic depositors?expectations. How would pessimistic depositors expect to be treated in a bank run? How will this a¤ect their behavior? How can banks handle this kind of risk? In the framework of a Diamond-Dybvig-Peck-Shell banking model, in which a broad class of feasible contractual ...
Cozzi, Guido, Giordani, Paolo
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UNCERTAINTY AVERSION

1997
A definition of uncertainty or ambiguity aversion is proposed. It is argued that the definition is well-suited to modelling within the Savage (as opposed to Anscombe and Aumann) domain of acts. The defined property of uncertainty aversion has intuitive empirical content, behaves well in specific models of preference (multiple-priors and Choquet ...
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Uncertainty aversion: a discussion of critical issues in health economics

Health Economics, 2000
Models deviating from classical expected utility are extensively studied in the modern decision literature, with a close interplay between mostly economists and psychologists. Risk and uncertainty attitudes are no longer modeled solely on the basis of sensitivity towards outcomes (utility), as they were in the classical model; a new dimension has been ...
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