We study the impact of dependence uncertainty on E(X_1X_2 · · · X_d) when X_i ∼ F_i for all i. Under some conditions on … the F_i. The results are applied to assess the impact of dependence uncertainty on coskewness. In this regard, we …

I examine the impact of asymmetry in the productivity jointly with uncertainty shocks on real quantities and asset … prices. I find evidence that uncertainty shocks to productivity have a very little to contribute to generating a sizable LRR … in consumption growth. Rather than the uncertainty shocks, growth shocks play a much more significant role in terms of …

take into account both technological uncertainty, i.e. the unknown time-to-market of CCU, and market uncertainty, i.e. the …

In traditional sequential search models, players face ex ante uncertainty prior to each search but obtain certain … outcomes after the search. With the ex ante uncertainty, the players' reservation values and average search duration increase … with their level of risk tolerance. We study a sequential search problem with ex post uncertainty in which the uncertainty …

uncertainty over the arrival and magnitude of future LTC costs into a life-cycle model with endogenous aging, and we analyze how … this affects the optimal behavior of agents. We show that uncertainty boosts precautionary savings, lowers health … investment, and weakens the effectiveness of health investment subsidies. Our results therefore suggest that uncertainty should …

Humans play important roles in the process of quantifying uncertainty. The participation of humans in this important … quantifying uncertainty using a process-oriented framework. In particular, we examine the potential biases in each of the major … phases of the uncertainty quantification process. Traditionally, most of the literature has focused on biases that occur in …