The psychological basis for rank-dependent probability weighting, and for an inverse-S probability weighting function … optimism/pessimism over probability distributions and for loss averse/gain loving stochastic reference dependence. I give …

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 …

A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers …' subjective uncertainty. We address this challenge by using a detailed new survey measure of subjective uncertainty collected by … strongly and robustly negatively associated with higher uncertainty, with a two standard deviation increase in uncertainty …

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 …

paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …

excuse-driven behavior is comparable under ambiguity and under risk. Individuals exploit any type of uncertainty as an excuse … not to give, regardless of the nature of this uncertainty …

We link causally the riskiness of men's management of their finances with the probability of their experiencing a …