although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. … surge in the stock market would be self-correcting. Recent papers have discussed the role of "uncertainty" and its …

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 …

We examine several measures of uncertainty to make five points. First, equity market traders and executives at … nonfinancial firms have shared similar assessments about one-year-ahead uncertainty since the pandemic struck. Both the one …-year VIX and our survey-based measure of firm-level uncertainty at a one-year forecast horizon doubled at the onset of the …

. While it is hard to measure how this uncertainty affects work performance and willingness to compete in the field, it can be … men winning the tournament significantly more often than women under uncertainty and ambiguity. These findings suggest … disparities from increasing under uncertainty and ambiguity. …

Do voters place their trust in tried and tested leaders when uncertainty is high or do they prefer a new slate of … pandemic, a time of high uncertainty about the future course of events. Using local heterogeneity in Covid-19 outbreaks and … related school/daycare closures to proxy the degree of perceived uncertainty across Bavarian municipalities, we show with a …

Probabilistic risk beliefs are key drivers of economic and health decisions, but people are not always certain about … measurable separately from the levels of risk beliefs. People with higher levels of imprecision update their beliefs more in …

We develop a theoretical model to identify and compare partial and equilibrium effects of uncertainty and the magnitude …. This interdependency is important since, in the case of legal uncertainty, higher fines may reduce the willingness to …

range of specific outcomes, allowing us to measure uncertainty, assess its driving forces, and compare this measure of … uncertainty with the dispersion of point-estimates among individual forecasters (a measure of disagreement). We also assess the …. Finally we assess the role of risk, finding little evidence that risk-aversion drives a wedge between market prices and …

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