Results 341 to 350 of about 1,447,771 (359)

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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Economic policy uncertainty and corporate risk-taking: Loss aversion or opportunity expectations

, 2021
Cheng Zhang, Chun-Chuan Yang, Chengguo Liu   +2 more
semanticscholar   +1 more source

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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Uncertainty Aversion Vs. Competence: An Experimental Market Study

Theory and Decision, 2007
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Coordination mechanism, risk sharing, and risk aversion in a five-level textile supply chain under demand and supply uncertainty

European Journal of Operational Research, 2020
Arnab Adhikari, Arnab Bisi, B. Avittathur   +2 more
semanticscholar   +1 more source

Ambiguity Aversion and Epistemic Uncertainty

SSRN Electronic Journal, 2021
Craig R. Fox, Michael Goedde-Menke, David Tannenbaum   +2 more
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Uncertainty Aversion and Backward Induction [PDF]

, 2000
In the context of the centipede game this paper discusses a solution concept for extensive games that is based on subgame perfection and uncertainty aversion. Players who deviate from the equilibrium path are considered non- rational. Rational players who face non-rational opponents face genuine uncertainty and may have non-additive beliefs about their
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Uncertainty aversion?a reply to Oliver

Health Economics, 2000
, Andersson, , Lyttkens
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