We draw on the monthly Survey of Business Uncertainty (SBU) to make three observations about pandemic-era uncertainty … uncertainty at one-year lookahead horizons. That is, the one-year VIX has moved similarly to our survey-based measure of (average …) firm-level subjective uncertainty at one-year forecast horizons. Second, looking within the distribution of beliefs in the …

), focusing on the sharing principle under uncertainty. The paper draws from an earlier more complicated dynamic control theory … uncertainty (randomness) and the benefits of the principle of sharing. The main focus is to show how and why the principle of … sharing under uncertainty benefits all entities involved in the technical knowledge production and transfer process, even if …

A micro decision-making utility model under uncertainty is presented as a complementary foundation for macro …

subjective uncertainty, (2) the incomplete list of imaginable future states, (3) the valuation of "importance" reflecting various …

theory. Specifically, he constructed his own concept of subjective uncertainty called potential surprise to replace …