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Barlevy, Gadi - 2010

This paper considers the design of macroeconomic policies in the face of uncertainty. In recent years, several economists have advocated that when policymakers are uncertain about the environment they face and find it difficult to assign precise probabilities to the alternative scenarios that...

Persistent link: https://www.econbiz.de/10010292205

The treatment of risk and uncertainty in the US social cost of carbon for regulatory impact analysis

Dietz, Simon - 2011

This note considers the treatment of risk and uncertainty in the recently established social cost of carbon (SCC) for analysis of federal regulations in the United States. It argues that the analysis of the US Interagency Working Group on Social Cost of Carbon did not go far enough into the tail...

Persistent link: https://www.econbiz.de/10010305979

Defining Knowledge Constituents and Contents

Spuzic, Sead; Narayanan, Ramadas; Alif, Megat Aiman; … - In: International Journal of Quality Assurance in … 5 (2016) 1, pp. 1-7

While it appears that a consensus is crystalising with regard to the hierarchy of concepts such as “knowledge”, “definition” and “information”, there is an increasing urgency for improving definitions of these terms. Strategies such as “knowledge extraction” or “data mining”...

Persistent link: https://www.econbiz.de/10012047166

Ambiquity and public good provision in large societies

Bailey, Ralph W.; Eichberger, Jürgen; Kelsey, David - 2004

In this paper we consider the effect of ambiguity on the private provision of public goods. Equilibrium is shown to …

Persistent link: https://www.econbiz.de/10011422127

Liquidity and Ambiguity: Banks or Asset Markets?

Eichberger, Jürgen; Spanjers, Willy - 2007

We study the impact of ambiguity on two alternative institutions of financial intermediation in an economy where … consumers face uncertain liquidity needs. The ambiguity the consumers experience is modeled by the degree of confidence in their … with high liquidity needs. With increasing ambiguity this preference will be reversed: the asset market is preferred, since …

Persistent link: https://www.econbiz.de/10011422151

Ambiguity and Social Interaction

Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard C. - 2007

We present a non-technical account of ambiguity in strategic games and show how it may be applied to economics and … social sciences. Optimistic and pessimistic responses to ambiguity are formally modelled. We show that pessimism has the … ambiguity on peace-making are examined. It is shown that ambiguity may select equilibria in coordination games with multiple …

Persistent link: https://www.econbiz.de/10011422157

Are the Treasures of Game Theory Ambiguous?

Eichberger, Jürgen; Kelsey, David - 2008

strategic ambiguity may induce such behaviour. …

Persistent link: https://www.econbiz.de/10011422175

Portfolio inertia under ambiguity

Asano, Takao - 2004

We consider individual's portfolio selection problems. Introducing the concept of ambiguity, we show the existence of … are represented by the Choquet integral with respect to the inner measure. Under the concept of ambiguity, it is … probabilities. Furthermore, we study the difference between ambiguity and uncertainty by considering investors' behavior. …

Persistent link: https://www.econbiz.de/10010332296

Ambiguity and Social Interaction

Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard C. - 2005

Persistent link: https://www.econbiz.de/10010333999

Knight-Walras equilibria

Beißner, Patrick; Riedel, Frank - 2016

-Debreu equilibria only if the values of net trades are ambiguity-free in the mean. Without aggregate uncertainty, inefficiencies arise …

Persistent link: https://www.econbiz.de/10011582524

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