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Ambuehl, Sandro; Ockenfels, Axel; Stewart, Colin - 2018

Who participates in transactions when information about the consequences must be learned? We show theoretically that decision makers for whom acquiring and processing information is more costly respond more strongly to changes in incentive payments for participating and decide to participate...

Persistent link: https://www.econbiz.de/10011863553

Choosing and using information in evaluation decisions

Coffman, Katherine B.; Kostyshak, Scott; Saygın, … - 2024

Most studies of gender discrimination consider how male versus female candidates are assessed given otherwise identical information about them. But, in many settings of interest, evaluators have a choice about how much information to acquire about a candidate before making a final assessment. We...

Persistent link: https://www.econbiz.de/10014505373

Uncertainty and the cost of bank vs. bond finance

Grimme, Christian - 2019

risk of firm default. …

Persistent link: https://www.econbiz.de/10011958806

Risk exposure and acquisition of macroeconomic information

Roth, Christopher; Settele, Sonja; Wohlfart, Johannes - 2020

information. Respondents who learn of a higher personal exposure to unemployment risk during recessions increase their demand for … rational inattention that demand for information depends on its expected benefit. Moreover, the fact that perceived risk …

Persistent link: https://www.econbiz.de/10012300259

Uncertainty and information acquisition : evidence from firms and households

Mikosch, Heiner; Roth, Christopher; Sarferaz, Samad; … - 2021

We leverage the small open economy Switzerland as a testing ground for basic premises of macroeconomic models of endogenous information acquisition, using tailored surveys of firms and households. First, we show that firms perceive a greater exposure to exchange rate movements than households,...

Persistent link: https://www.econbiz.de/10012697102

Uncertainty and fiscal policy in an asymmetric monetary union

Hefeker, Carsten (contributor); Zimmer, Blandine (contributor) - 2008

The paper examines the monetary-fiscal interactions in a monetary union model with uncertainty due to imperfect central bank transparency. We first show that monetary uncertainty disciplines fiscal policymakers and thereby reduces taxes, average inflation and output distortions. However, as more...

Persistent link: https://www.econbiz.de/10003749682

The role of interpersonal uncertainty in prosocial behavior

Chakraborty, Anujit; Henkel, Luca - 2024

In prosocial decisions, decision-makers are inherently uncertain about how their decisions impact others’ utility – we call this interpersonal uncertainty. We show that people’s response to interpersonal uncertainty shapes well-known patterns of prosocial behavior. First, using standard...

Persistent link: https://www.econbiz.de/10014576953

On the psychological foundations of ambiguity and compound risk aversion

Wu, Keyu; Fehr, Ernst; Hofland, Sean; Schonger, Martin - 2024

attitudes towards ambiguity and compound risk which suggests that compound risk aversion may provide a psychological foundation … for ambiguity aversion. However, compound risk aversion and ambiguity aversion may also be independent psychological …’s ability to reduce compound to simple risks, and analyzing how this affects their compound risk and ambiguity attitudes in …

Persistent link: https://www.econbiz.de/10014551421

Axiom preferences and choice mistakes under risk

Herweg, Fabian; Hippel, Svenja; Müller, Daniel; … - 2024

We investigate whether violations of canonical axioms of choice under risk are mistakes or a manifestation of true …

Persistent link: https://www.econbiz.de/10014556632

Subjective uncertainty and the marginal propensity to consume

Kosar, Gizem; Melcangi, Davide - 2025

uncertainty. In the workhorse consumption–savings model, augmented with risk heterogeneity, MPCs decline with earnings uncertainty …

Persistent link: https://www.econbiz.de/10015371804