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Finding common ground when experts disagree : belief dominance over portfolios of alternatives

Baker, Erin; Bosetti, Valentina; Salo, Ahti A. - 2016

We address the problem of choosing a portfolio of policies under "deep uncertainty." We introduce the idea of belief dominance as a way to derive a set of non-dominated portfolios and robust individual alternatives. Our approach departs from the tradition of providing a single recommended...

Persistent link: https://www.econbiz.de/10011504367

A new look at uncertainty shocks : imperfect information and misallocation

Senga, Tatsuro - 2015

experiences a shock forcing it to start learning afresh. Firms differ in their information; more informed firms have lower … posterior variances in beliefs. An uncertainty shock is a rise in the probability that any given firm will lose its information …

Persistent link: https://www.econbiz.de/10011401309

Portfolio selection with narrow framing : probability weighting matters

De Giorgi, Enrico; Legg, Shane - 2009 - This version: June 9, 2009

This paper shows that the framework proposed by Barberis and Huang (2009) to incorporate narrow framing and loss aversion into dynamic models of portfolio choice and asset pricing can be extended to also account for probability weighting and for a value function that is convex on losses and...

Persistent link: https://www.econbiz.de/10003970464

Saving and wealth inequality

De Nardi, Mariacristina; Fella, Giulio - 2017

Why are some people wealth rich while others are poor? To what extent can governments affect inequality? Which instruments should they use? Answering these questions requires understanding why people save. Dynamic quantitative models of wealth inequality can help us to understand and quantify...

Persistent link: https://www.econbiz.de/10011671879

The impact of immigration on wage dynamics : evidence from the Algerian independence war

Edo, Anthony - 2017

Persistent link: https://www.econbiz.de/10011745543

Supplier diversification under buyer risk

Chod, Jiri; Trichakis, Nikolaos; Tsoukalas, Gerry - In: Management science : journal of the Institute for … 65 (2019) 7, pp. 3150-3173

Persistent link: https://www.econbiz.de/10012039982

The impact of labour demand shocks when occupational labour supplies are heterogeneous

Böhm, Michael; Etheridge, Ben; Irastorza-Fadrique, Aitor - 2024

We develop a tractable equilibrium model of the labour market, featuring heterogeneous labour supply elasticities across occupations that can be estimated in a baseline period using observed worker flows. We use this model to study the heterogeneous impact of subsequent demand shifts on wages...

Persistent link: https://www.econbiz.de/10015339589

The role of personality, cognition, and shocks in determining labor outcomes of young adults in Madagascar

Sahn, David E.; Villa, Kira M. - 2015

Persistent link: https://www.econbiz.de/10011492856

The effect of information shocks on dividend payout and dividend value relevance

Harakeh, Mostafa; Lee, Edward; Walker, Martin - In: International review of financial analysis 61 (2019), pp. 82-96

Persistent link: https://www.econbiz.de/10012206942

Mutual funds and risk disclosure : information content of fund prospectuses

Krakow, Jonathan; Schäfer, Timo - 2020

Mutual funds are mandated by the Securities and Exchange Commission (SEC) to disclose information on their investment … that regular content-based updates of the disclosed risks provide relevant information in predicting future fund … performance. Investors, however, do not react to this new information but rather to the content's informativeness. Finally, using …

Persistent link: https://www.econbiz.de/10012271034