This paper examines the relationship between Knightian uncertainty and Bayesian approaches to entrepreneurship. Using … entrepreneurship remain robust when accounting for Knightian uncertainty, particularly regarding experimentation, venture financing … Bewley's formal model of uncertainty and incomplete preferences, it demonstrates that key predictions from Bayesian …

giving birth after a cutoff date, we study whether the option to return to a previous job increases entrepreneurship. A … regression discontinuity design reveals that longer job-protected leave increases entrepreneurship by 1.9 percentage points …

aversion, higher initial assets, preferences for entrepreneurship over employment, and optimistic beliefs about the payoffs …

A strategy that selects stocks based on their historical same-calendar-month returns earns an average return of 13% per …

This paper studies the performance of a large number of anomalies after accounting for transaction costs, and the … strategy. Most of the anomalies that we consider with one-sided monthly turnover lower than 50% continue to generate …

the abnormal performance of defensive equity (i.e., low volatility and/or low beta strategies). While defensive strategy … poor absolute performance of the most aggressive stocks. In conjunction with the well documented inability of the Fama and … performance is explained by controlling for size, profitability, and relative valuations, the converse is false--the performance …