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Foundations of ambiguity models under symmetry : α-MEU and smooth ambiguity
Klibanoff, Peter; Mukerji, Sujoy; Seo, Kyoungwon; … - 2021 - This Version: January 13, 2021
The α-MEU model and the smooth ambiguity model are two popular models in decision making under ambiguity. However, the axiomatic foundations of these two models are not completely understood. We provide axiomatic foundations of these models in a symmetric setting with a product state space...
Persistent link: https://www.econbiz.de/10012422419
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Symmetry axioms and perceived ambiguity
Klibanoff, Peter; Mukerji, Sujoy; Seo, Kyoungwon - 2017
making under uncertainty. In the current paper, we explore (1) the relationship between the symmetry assumption of Klibanoff …
Persistent link: https://www.econbiz.de/10011694779
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Transparency and trust in government : evidence from a survey experiment
Alessandro, Martin; Lagomarsino, Bruno Cardinale; … - 2019
Does providing information improve citizens' perception about government transparency? Does all information matter the same for shaping perceptions about the government? This paper addresses these questions in the context of an online randomized survey experiment conducted in Argentina. Results...
Persistent link: https://www.econbiz.de/10011992104
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Squeezing the interest rate smoothing weight with a hybrid expectations model
Castelnuovo, Efrem - 2003
Successful descriptions of short-term nominal interest rates inertial behavior have frequently been obtained with small scale macro models in which a Central Banker minimizes a loss function embedding an argument labelled as interest rate smoothing. The rationale for this argument is not...
Persistent link: https://www.econbiz.de/10011589555
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Paths to stability in two-sided matching with uncertainty
Lazarova, Emiliya A.; Dimitrov, Dinko - 2013
We consider one-to-one matching problems under two modalities of uncertainty that differ in the way types are assigned … the existence of paths to stability in each of the uncertainty environments. Existence of stable and consistent outcomes … then follows as a side result. -- Consistent Outcomes ; One-to-One Uncertainty ; Many-to-One Uncertainty ; Paths to …
Persistent link: https://www.econbiz.de/10009702237
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Environmental catastrophes under time-inconsistent preferences
Michielsen, Thomas - 2013
I analyze optimal natural resource use in an intergenerational model with the risk of a catastrophe. Each generation maximizes a weighted sum of discounted utility (positive) and the probability that a catastrophe will occur at any point in the future (negative). The model generates time-...
Persistent link: https://www.econbiz.de/10009757402
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Sovereign debt restructuring and credit recovery
Gutkowski, Violeta A. - 2024
Persistent link: https://www.econbiz.de/10015069793
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Households' risk perceptions, overplacement, and financial literacy
Bucher-Koenen, Tabea; Fessler, Pirmin; Silgoner, Maria … - 2024
Household financial resilience is related to the availability of financial resources but also to the ability to anticipate and assess future situations and prepare for them accordingly. Overplacement describes the tendency of individuals to rate themselves better than others, i.e. they believe...
Persistent link: https://www.econbiz.de/10015075031
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Market allocations under ambiguity : a survey
Billot, Antoine; Mukerji, Sujoy; Tallon, Jean-Marc - 2019
We review some of the (theoretical) economic implications of David Schmeidler's models of decision under uncertainty …
Persistent link: https://www.econbiz.de/10012121980
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Market allocations under ambiguity : a survey
Billot, Antoine; Tallon, Jean-Marc; Mukerji, Sujoy - 2019
Persistent link: https://www.econbiz.de/10012233248