Roy’s safety-first rule is used to provide measures popular with farmers of short and long term business risk … inter-year financial risk than other commonly used criteria. Results revealed that speed of adoption influenced the … greater chance of transition success. Slow acreage expansion with a custom or rental drill reduces risk until a no-till yield …

In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any …

rational expectations even if time-varying but stationary term premia are allowed for. A hypothesis of rational learning about … employment, namely to measure the market perception of aggregate level of future risk in the economy. Implications for economic …

strategic incentives for either government or regulated entities. Consideration of both exogenous risk (uncontrollable) and … endogenous risk (concerns about policy credibility) suggests that permits should be auctioned several years in advance of use … all risk to be pooled and managed as efficiently as possible within the private sector. For endogenous risk, it creates a …

From the model of Hobijn and Jovanovic (2001), we modelize a technological shock with uncertainty. We assume that this … technological shock appears in the shape of new firms. Only a part of these firms will be productive. Uncertainty relates to the … identification of the viable firms. This uncertainty decreases with the time and the diffusion of fundamentalist information that …

NEED TO RECONSIDER OUR ACTIONS/DECISIONS WITH RISK AND TROUBLES, SO 'TRUSTING' IS GOING TO HAVE AN IMPORTANT ROLE AS … AND WE WONT TO AVOID THE RISK OF BEING DECEIVED. THESE SOCIAL INTERACTIONS ARE PRECONDITIONS THAT HAVE MANY CONSEQUENCES …

learning sets in, some firms start to adopt previously unexplored technologies so that their new goods fit consumers …

Social learning models of investment provide an interesting alternative explanation for sudden changes in investment … behaviour. Caplin and Leahy (1994) develop a model of social learning in which agents learn about the true state of demand from … significant new technology appear to be influenced by social learning because they are more likely to suspend their investment …