Showing 1 - 4 of 4
(ambiguity). Non-parametric statistical analyses and parametric regressions yield results that are reasonably consistent with …
Persistent link: https://www.econbiz.de/10005100545
representative policymaker's utility function (as in the literature on ambiguity), a reference model (as in robust control theory) or …
Persistent link: https://www.econbiz.de/10005100593
Agents face an ambiguous risk of biodiversity survival as well as ambiguous expected losses from its extinction. As a collectivity, agents are faced with the option of privately funding the protection of biodiversity for biomedical research. We propose two evolutionary models of threshold public...
Persistent link: https://www.econbiz.de/10009147628
with ambiguity about both volatility and drift. Corresponding extensions of some basic results in asset pricing theory are …
Persistent link: https://www.econbiz.de/10011183676