probability sessions, suggesting that this bias robustly persists in environments including both risk and future uncertainty, and …We elicit subjects' willingness to pay to reduce future risk. In our experiments, subjects are given a cash endowment … of uncertainty in our experiments. In two additional treatments, we control for future uncertainty with a continuation …

We consider the effect of an increase in the risk from pollution. We show that in the case of a flow pollution, when … the number of players is sufficiently large, the result of Bramoulle and Treich, showing that a marginal increase of risk … in the neighborhood of a risk-free world is welfare-improving, holds even when we consider non-marginal increases in risk …

exposition to downside risk and promoting exposition to upside opportunities. It stands at the hinge between pure finance and … other areas of decision making under risk such as project evaluation, market entry and exit, organizational restructuring … financial systems rests primarily on proper risk assessment and management in project evaluation. The real options approach is …

exposition to downside risk and promoting exposition to upside opportunities. It stands at the hinge between pure finance and … other areas of decision making under risk such as project evaluation, market entry and exit, organizational restructuring … financial systems rests primarily on proper risk assessment and management in project evaluation. The real options approach is …

countries and in marginalized groups of developed countries, differences in the estimation of this risk should not influence the …

phenomenon. Uncertainty, in the form of an increase in the spread of agents' types, tends to reduce investment despite symmetric …

This paper statistically tests the option theory of irreversible investment under uncertainty. Using contingent claims …

Oil companies often announce revised estimates of their reserves. This indicates that stock uncertainty is a prevalent …