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Abstract Popular models for decision making under ambiguity assume that people use not one but multiple priors. This paper is a first attempt to experimentally elicit multiple priors. In an ambiguous scenario with two underlying states we measure a subject’s single prior, her other potential...
Persistent link: https://www.econbiz.de/10011258993
In this master thesis we attempted to investigate the role of economic uncertainty in driving the behavior of household … main sources of economic uncertainty: Unemployment Risk, Fiscal Policy Uncertainty and Financial Crisis-Investment risk. We … used Unemployment rate as a proxy for labor income uncertainty and the risk of an income loss. We computed the volatility …
Persistent link: https://www.econbiz.de/10011259009
Grounded in the methodological commitments shared by various traditions in heterodox economics, this paper explores going enterprises’ cooperative actions to control markets through social networks. It is argued that 1) market institutions are created and controlled by business enterprises and...
Persistent link: https://www.econbiz.de/10011259220
This paper is an empirical investigation of uncertainty in the Euro Zone as well as the US. It conducts a factor … analysis of uncertainty measures starting in 2001 until the end of 2011. For this purpose I use survey-based data provided by … implied volatility of stock market movements. Each measure shows an increase in uncertainty during the last years marked by …
Persistent link: https://www.econbiz.de/10011259226
According to Katz [6] some of the basic notions of probability existed in ancient civilizations. In The Talmud and in Roman calculations of annuities there is some evidence of this. However, no record of numerical probability calculations exists. Hald [5], Bernstein [1] and Katz [6] agree that...
Persistent link: https://www.econbiz.de/10011259826
This paper examines joint adoption of safer irrigation technologies under uncertainty. The new irrigation technologies …
Persistent link: https://www.econbiz.de/10011259908
commercialization of agricultural and food (agrifood) nanotechnology that may limit its full potential, including uncertainty about …
Persistent link: https://www.econbiz.de/10011260335
Uncertainty and certainty of organizational-economic systems are their integral properties. Existence and development … methodological device of carrying out of an estimation of uncertainty and the certainty, the author stated earlier in the publication … «Uncertainty and certainty property estimation of organizational-economic system», have formed a basis for deepening of research …
Persistent link: https://www.econbiz.de/10011260504
average participants provided with uncertainty information make better decisions than those without. Statistical analysis … uncertainty information took on average less response time compared to those who were shown a table with uncertainty information. …
Persistent link: https://www.econbiz.de/10011260548
– stability index, which is directly linked with measure of uncertainty (entropy) and certainty (negentropy). Differentiated life …
Persistent link: https://www.econbiz.de/10011260818