Options on agricultural futures are popular financial instruments used for agricultural price risk management and to … the period 1995-2009 to estimate the implied skewness parameter separately for each trading day. An economic explanation … is then presented for inter-year variations in implied skewness based on the theory of storage. After controlling for …

the SNP densities for financial derivatives valuation. We relate real and risk-neutral measures, obtain closed-form prices …

corresponding Lagrange Multiplier-type tests into skewness and kurtosis components, from which we obtain more powerful one …

’s. Without the AWE, married women’s employment would be as volatile as men and display negative skewness (declining quickly in …

del crecimiento (growth-at-risk) y la inflación, encontramos que los indicadores de estrés financiero no son suficientes … structural shocks (SVAR) that are identified using sign restrictions and whose distribution is subject to time-varying skewness … variation in the skewness of demand, supply and monetary policy shocks between 1999 and 2019. This variation lies behind a …

the distortion of outcome and probability information in risky decisions or the effects of ambiguity on information … ambiguity by describing outcomes and probabilities using either point estimates or ranges of values. Results replicated those of … Study 1, with no effects of ambiguity on information distortion. …

the distortion of outcome and probability information in risky decisions or the effects of ambiguity on information …, we manipulated ambiguity by describing outcomes and probabilities using either point estimates or ranges of values …. Results replicated those of Study 1, with no effects of ambiguity on information distortion. …

unique experiment design to measure ambiguity aversion, which can be modified to also control for risk aversion. A measure of … ambiguity and to test whether ambiguity affects behaviors differently than risk.Economic experiments have shown that when given … of success, expected payoffs, the level of ambiguity regarding success, and preferences to compete. I explore the effects …

accident risk and cannot accommodate optimism (ambiguity loving) or pessimism (ambiguity aversion). This paper presents a …Standard accident models are based on the expected utility framework and represent agents’ beliefs about accident risk … with a probability distribution. Consequently, they do not allow for Knightian uncertainty, or ambiguity, with respect to …