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Optimal Conservatism and Collective Monetary Policymaking Under Uncertainty
Hefeker, Carsten - 2014
We study how the optimal degree of conservatism relates to decision-making procedures in a Monetary Policy Committee (MPC). In our framework, central bank conservatism is required to attenuate the volatility of monetary decisions generated by the presence of uncertainty about the committee...
Persistent link: https://www.econbiz.de/10013047346
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Teams Take the Better Risks
Kuon, Bettina; Mathauschek, Barbara; Sadrieh, Abdolkarim - 2000
principles of Expected Utility Theory (EUT) and of Portfolio Selection Theory (PST). The experiment is performed with individuals …
Persistent link: https://www.econbiz.de/10014182702
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Ambiguity, Transparency, and Institutional Strength
Erbas, S. Nuri - 2006
(ambiguity). In a model based on cumulative prospect theory, for a given probability and payoff structure, expected return on …
Persistent link: https://www.econbiz.de/10012783154
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Decision making under uncertainty : models and choices
Holloway, Charles A. - 1979
Persistent link: https://www.econbiz.de/10000040056
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Risikominderung durch wirtschaftliche Integration : Freihandelsabkommen in Nordamerika
Helstelä, Pekka - 1997
Persistent link: https://www.econbiz.de/10000620419
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How to decide when experts disagree : uncertainty-based choice rule in environmental policy
Woodward, Richard T. - In: Land economics : applied research on environmental resources 73 (1997) 4, pp. 492-507
Persistent link: https://www.econbiz.de/10001337197
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Research on risk and social choice : recent papers by Russian scholars ; special issue
Luce, Robert Duncan (contributor);  … - In: Mathematical social sciences 27 (1994) 2, pp. 121-234
Persistent link: https://www.econbiz.de/10001164793
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The evaluation of risky projects by voters
Glazer, Amihai; Konrad, Kai A. - In: Journal of public economics 52 (1993) 3, pp. 377-390
Persistent link: https://www.econbiz.de/10001154542
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Manipulating uncertainty
Barbosa, António S. Pinto - In: Constitutional political economy 5 (1994) 3, pp. 255-271
Persistent link: https://www.econbiz.de/10001174840
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Collective risk decisions in the presence of many risks
Elliott, Steven Robert - In: Kyklos : international review for social sciences 48 (1995) 4, pp. 541-554
Persistent link: https://www.econbiz.de/10001193924