Search Results - subject:"Knightian uncertainty"

Expectations concordance and stock market volatility : Knightian uncertainty in the year of the pandemic

Frydman, Roman; Mangee, Nicholas - In: Journal of risk and financial management : JRFM 14 (2021) 11, pp. 1-13

events that are each somewhat unique cause unforeseeable change and Knightian uncertainty in the process driving outcomes …

Persistent link: https://www.econbiz.de/10012795039

To be or not to be: the entrepreneur in endogenous growth theory

Henrekson, Magnus; Johansson, Dan; Karlsson, Johan - 2021

We examine the conceptualization of entrepreneurs in neo-Schumpeterian growth theory, which has reintroduced entrepreneurs into mainstream economics. Specifically, we analyze how neo-Schumpeterians relate to the contradiction between the entrepreneur-centered view of Schumpeter (1934) and the...

Persistent link: https://www.econbiz.de/10012498110

A continuous-time macro-finance model with Knightian uncertainty

Mao, Jie; Shen, Guanxiong; Yan, Jingzhou - In: Pacific-Basin finance journal 77 (2023), pp. 1-15

Persistent link: https://www.econbiz.de/10014463659

Comparative incompleteness : measurement, behavioral manifestations and elicitation

Karni, Edi; Vierø, Marie-Louise - In: Journal of economic behavior & organization : JEBO 205 (2023), pp. 423-442

Persistent link: https://www.econbiz.de/10014416204

Defining money

Howden, David - In: The Emergence of a Tradition: Essays in Honor of Jesús …, (pp. 159-178). 2023

Persistent link: https://www.econbiz.de/10014309362

Stackelberg reinsurance chain under model ambiguity

Cao, Jingyi; Li, Dongchen; Young, Virginia R.; Zou, Bin - In: Scandinavian actuarial journal 2024 (2024) 4, pp. 329-360

Persistent link: https://www.econbiz.de/10014520548

A Knightian irreversible investment problem

Ferrari, Giorgio; Li, Hanwu; Riedel, Frank - 2020

In this paper, we study an irreversible investment problem under Knightian uncertainty. In a general framework, in … which Knightian uncertainty is modeled through a set of multiple priors, we prove existence and uniqueness of the optimal … - where risk is driven by a geometric Brownian motion and Knightian uncertainty is realized through a so-called "k …

Persistent link: https://www.econbiz.de/10012388851

Optimal consumption with intertemporal substitution under knightian uncertainty

Ferrari, Giorgio; Li, Hanwu; Riedel, Frank - 2020

We study an intertemporal consumption and portfolio choice problem under Knightian uncertainty in which agent …

Persistent link: https://www.econbiz.de/10012606394

Forward rate bias in developed and developing countries: More risky not less rational

Goldberg, Michael D.; Kozlova, Olesia; Ozabaci, Deniz - In: Econometrics 8 (2020) 4, pp. 1-26

This paper examines the stability of the Bilson-Fama regression for a panel of 55 developed and developing countries. We find multiple break points for nearly every country in our panel. Subperiod estimates of the slope coefficient show a negative bias during some time periods and a positive...

Persistent link: https://www.econbiz.de/10012696306

Optimal consumption and portfolio choice with ambiguous interest rates and volatility

Lin, Qian; Riedel, Frank - In: Economic Theory 71 (2020) 3, pp. 1189-1202

We study continuous-time consumption and portfolio choice in the presence of Knightian uncertainty about interest rates …

Persistent link: https://www.econbiz.de/10014503877