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Real-time macroeconomic data and uncertainty

Glass, Katharina; Fritsche, Ulrich - 2015 - 2nd updated version

Most macroeconomic data is continuously revised as additional information becomes available. We suggest that revisions …

Persistent link: https://www.econbiz.de/10011298898

The order of knowledge and robust action : how to deal with economic uncertainty?

Falkinger, Josef - 2015

Economic uncertainty has to do with the consequences of actions under different circumstances. This raises two questions: First, how sensitive are the outcomes of actions to variations in the environment? Second, how clearly can we distinguish between environments? Robustness comes at the price...

Persistent link: https://www.econbiz.de/10011326624

Risk information, investor learning, and informational feedback

Smith, Kevin - In: Review of accounting studies 29 (2024) 1, pp. 237-275

Persistent link: https://www.econbiz.de/10015127452

The effect of better information on income inequality

Eckwert, Bernhard; Zilcha, Itzhak - 2003

which is used for updating beliefs. Thus, a better information system affects the distribution of human capital in each …) If the relative measure of risk aversion is less (more) than 1 then more information raises (reduces) income inequality …. (b) When a risk sharing market is available better information results in higher inequality regardsless of the measure …

Persistent link: https://www.econbiz.de/10011507996

Does risk communication really decrease cooperation in climate change mitigation?

Bravo, Giangiacomo; Farjam, Mike; Nikolaychuk, Olexandr - 2017

Effective communication of risks involved in the climate change discussion is crucial and despite ambitious protection policies, the possibility of irreversible consequences actually occurring can only be diminished but never ruled out completely. We present a laboratory experiment that studies...

Persistent link: https://www.econbiz.de/10011738574

Mutual insurance in the village and beyond

Bell, Clive; Gersbach, Hans; Haller, Hans - 2024

When formal insurance is unavailable, mutual insurance among households can serve as an alternative. This paper analyzes a game between economic agents facing uncertainty and maximizing discounted utility without enforceable contracts or access to capital markets. While autarky is always a...

Persistent link: https://www.econbiz.de/10015084073

Mitigation and transfer of risks : prevention, insurance, and limited liability

Fackler, Michael - In: Zeitschrift für die gesamte Versicherungswissenschaft 113 (2024) 3/4, pp. 321-341

Modern society mitigates and transfers risks in a variety of ways, which range from catastrophe prevention and insurance solutions through to injustices of a minor and inconspicuous nature. We show that the measures taken depend on the uncertainty about the risks in question and involve three...

Persistent link: https://www.econbiz.de/10015418806

Real-time information content of macroeconomic data and uncertainty : an application to the Euro area

Glass, Katharina; Fritsche, Ulrich - 2014

Most macroeconomic data is continuously revised as additional information becomes available. We suggest that revisions …, covering the period of January 1991 until March 2014. The information content or informativeness of revision is measured using …

Persistent link: https://www.econbiz.de/10010425751

Sustainable banking and credit market segmentation

Kelly, David L.; Paik, Christopher - 2024

identify an asymmetric information problem: borrowers signal low financial risk to banks who are uncertain about borrower risk …

Persistent link: https://www.econbiz.de/10015144331

The coming breakthrough in risk research

Jaeger, Carlo - 2016

The paper proposes a novel way to handle the relation between decision theory and uncertainty in the context of policy design. Present risk governance is based primarily on two institutions - insurance markets and public risk governance - supported by a powerful theory: the expected utility...

Persistent link: https://www.econbiz.de/10011493370