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A group of decision makers simultaneously make contributions towards a green fund that reduces the future probability … of a climate catastrophe. We derive the theoretical predictions of the effects on contributions arising from 'behavioral … parameters' such as loss aversion and present-bias; 'structural factors' such as variation in the timing of uncertainty; the …
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. Underlying their measures of uncertainty is the hypothesis that an increase in uncertainty leads to lower consumption by …The Global Crisis demonstrated to the world that Ratings Agencies had misled the public about the stability of … surge in the stock market would be self-correcting. Recent papers have discussed the role of "uncertainty" and its …
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Do the choices of consumers who search for a product's best price exhibit risk neutral, risk averse or loss averse risk … attitudes? We study how in a problem of sequential search with costless recall the relation between a consumer's willingness to … pay for continued search and the level of price uncertainty depends on her risk preferences. Independent of the current …
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