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We give in this paper a formal definition of the concept of weak and strong a-polarization. We give necessary and sufficient conditions for a decision maker who respects the Lorenz order and who behaves in accordance with the expected utility model, with Yaari's dual model or with the...
Persistent link: https://www.econbiz.de/10005776487
a relevant gap between the ongoing policy and students' expectations. …
Persistent link: https://www.econbiz.de/10010691742
We have recently initiated the Survey of Economic Expectations (SEE) in an effort to learn how Americans perceive their …
Persistent link: https://www.econbiz.de/10005200413
This paper considers measures of uncertainty used in economic estimation. Our first contribution is to address the … subsequent empirical section, we compare measures of uncertainty, all of which are based on underlying dataon optimism from an … established UK survey database, managed by the main employers' organization, the CBI. We measure uncertainty at industry level in …
Persistent link: https://www.econbiz.de/10005342212
issues of time and uncertainty in economics. The source of the difference between their economic ideas was the difference …
Persistent link: https://www.econbiz.de/10005076652
Dealing with uncertainty is the daily bread of central bankers and has been a central theme for the ECB since its …
Persistent link: https://www.econbiz.de/10005022522
Economists have studied for a long time how decision-makers allocate scarce resources. The recent literature on rational inattention studies how decision-makers allocate the scarce resource attention. The idea is that decision-makers have a limited amount of attention and have to decide how to...
Persistent link: https://www.econbiz.de/10009395648
Why are some people more optimistic about their life than others? Literature on locus of control suggests that optimism is associated with the belief that one’s life outcomes are controlled by internal factors, such as ability, instead of external factors, such as powerful others or...
Persistent link: https://www.econbiz.de/10005051053
Persistent link: https://www.econbiz.de/10005685273
We analyse individual qualitative answers to business survey questions on current and expected output. We assume that the economic environment entrepreneurs are facing can be decomposed into a common component and an idiosyncratic one. When answering the questionaire, entrepreneurs have...
Persistent link: https://www.econbiz.de/10005486809