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likelihood of ambiguous events. In addition, although they perform better with uncertainty related to the stock market, they show … the need for debiasing strategies for medical professionals in the face of real-world uncertainty …
Persistent link: https://www.econbiz.de/10014358673
likelihood of ambiguous events. In addition, although they perform better with uncertainty related to the stock market, they show … the need for debiasing strategies for medical professionals in the face of real-world uncertainty …
Persistent link: https://www.econbiz.de/10014358715
how the resolution of uncertainty may affect the regret averse individual's willingness to pay, and how the attribution …
Persistent link: https://www.econbiz.de/10012919579
How people form beliefs is crucial for understanding decision-making under uncertainty. This is particularly true in a … situation such as a pandemic, where beliefs will affect behaviors that impact public health as well as the aggregate economy. We … information people choose to consume and how they incorporate this information into their beliefs. In the first experiment, people …
Persistent link: https://www.econbiz.de/10012431324
events that are each somewhat unique cause unforeseeable change and Knightian uncertainty in the process driving outcomes …
Persistent link: https://www.econbiz.de/10012795039
This paper uses two economic shocks, a catastrophic earthquake, the Great East-Japan Earthquake, that hit Japan on March 11, 2011 and the pandemic in 2020, to determine if investors respond differently by the types of economic shocks. We analyze the factors affecting the abnormal returns during...
Persistent link: https://www.econbiz.de/10013321791
historically unique events cause unforeseeable change and Knightian uncertainty in the process driving outcomes. Expectations …
Persistent link: https://www.econbiz.de/10013322439
This study investigates the short- and long-term effects of various sources of uncertainty on the share prices of key … other relevant approaches to time series. Economic policy, climate policy, pandemics, and Twitter-based uncertainty may … China, geopolitical, climatic, and pandemic uncertainty are short-term sources of uncertainty, and in India, economic policy …
Persistent link: https://www.econbiz.de/10014330079
In most medical decisions probabilities are ambiguous and not objectively known. Empirical evidence suggests that people's preferences are affected by ambiguity. Health economic analyses generally ignore ambiguity preferences and assume that they are the same as preferences under risk. We show...
Persistent link: https://www.econbiz.de/10012949923
We present a pre-registered experiment testing the effects of three, high-payoff (up to $50,000) vaccine regret lotteries in Philadelphia. In each drawing, residents of a randomly selected “treatment” zip code received half of the 12 lottery prizes (boosting their chances to 59-98x those of...
Persistent link: https://www.econbiz.de/10013214879