encompasses the dynamics of contemporary risk and trust relationships. We explore the capacity of different trust forms to reduce … complexity concerning the future and examine the potential of ‘active trust development’ as an approach to the management of … an analysis of recent literatures on risk, trust and reputation that links it to broader developments in society. …

immediate business threats rather than trying to understand cumulative or constituent processes surrounding trust relationships …. We explore the notion of ‘active trust’ as a way of redesigning approaches to the management of risk. Our analysis …

Existing studies of trust formation in U.S. metropolitan areas have found that trust is lower when there is more income … groups (racial income inequality). I find that greater racial income inequality reduces trust. Also, racial fragmentation is … no longer a significant determinant of trust once racial income inequality is accounted for. I also show that racial …

to trust, and specifically that admiring the president is strongly related to trust in government. Using this link we can … provide information on trends in trust on a consistent basis back to the late 1940s, earlier than most other data sources …

This paper explores the sources of uncertainty that cause firms to revise their capital investment plans and the stock … market to revise its valuation of those firms. A simple method is developed to decompose the uncertainty governing revisions … idiosyncratic uncertainty, but common disturbances are more important for movements in the stock market rate of return. …

This paper investigates the relationship between infation uncertainty and investment using a panel of loan-level data … aggregates. The data show that periods of increased inflation uncertainty are associated with substantial reductions in total … models of investment under uncertainty. …

This paper shows that, with (partial) irreversibility, higher uncertainty reduces the impact effect of demand shocks on … investment. Uncertainty increases real option values making firms more cautious when investing or disinvesting. This is confirmed … both numerically for a model with a rich mix of adjustment costs, time-varying uncertainty, and aggregation over investment …

households reacted to the increase in uncertainty about the future path of income that such an event produced. Our estimates are …

Uncertainty appears to vary strongly over time, temporarily rising by up to 200% around major shocks like the Cuban … Missile crisis, the assassination of JFK and 9/11. This paper offers the first structural framework to analyze uncertainty …. The parameterized model is then used to simulate a macro uncertainty shock, which produces a rapid drop and rebound in …