Results 321 to 330 of about 1,447,771 (359)

Acute stress reduces risk-aversion by changing magnitude perception

open access: yes
Renkert MF   +6 more
europepmc   +1 more source

Beyond Uncertainty Aversion

open access: yesSSRN Electronic Journal, 2019
Although much of the theoretical literature on ambiguity works under the assumption of uncertainty aversion, experimental evidence suggests that it is not a universal behavioral trait.
Brian Hill
semanticscholar   +4 more sources

Uncertainty, Risk Aversion and International Trade

SSRN Electronic Journal, 2018
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 ...
A. Gervais
semanticscholar   +2 more sources

Uncertainty Aversion and Systemic Risk

SSRN Electronic Journal, 2015
We propose a new theory of systemic risk based on Knightian uncertainty (“ambiguity”). Because of uncertainty aversion, bad news on one asset class worsens investors’ expectations on other asset classes, so that idiosyncratic risk creates contagion ...
David L. Dicks, P. Fulghieri
semanticscholar   +3 more sources

Uncertainty Aversion, Risk Aversion, and the Optimal Choice of Portfolio

Econometrica, 1992
Summary: We describe some implications for the economic analysis of a model of decision making under uncertainty which generalizes the expected-utility model accepted by most economists as a representation of rational behavior. The model we use is the model of expected utility under a nonadditive probability measure, which seeks to distinguish between ...
James Dow, S. Werlang
semanticscholar   +2 more sources

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