uncertainty, where the probabilities of outcomes are not known but perceived, resulting in ambiguous probabilities. In this … react to uncertainty from Frank Knight (1921) to the present day. Recognizing that entrepreneurs face uncertainty rather …

risk preferences. Here, we develop an analogous tool for choice under uncertainty - the ambiguity triangle - and show that …

surge in the stock market would be self-correcting. Recent papers have discussed the role of "uncertainty" and its … measurement in influencing economic decisions. They attempt to measure uncertainty by indexes of volatility of the stock market …, GDP, forecaster disagreement, mentions of uncertainty in news media, and the dispersion of productivity shocks to firms …

of uncertainty and of rationing efficiency. We show that regulatory uncertainty does not diminish the rationale for … intervention, but may require a low minimum wage that may not bind. With expected earnings-maximization, greater uncertainty widens …

-whole (full) compensation and mean and median work incomes. Given that consumption uncertainty associated with compensation …

the scenarios of both certainty and uncertainty. We capture the direct interest rate-hysteresis on the investments and the … of a central bank's interest rate policy, e.g. in times of low or even zero interest rates and high uncertainty, in terms …