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Monetary policy-makers face various types of uncertainty and these uncertainties are exacerbated during episodes of a financial crisis. Blinder (2004) suggests that monetary policy committees help to make better decisions in the presence of uncertainty. In this paper, we explore monetary policy...
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long horizons. We present an experiment comparing decision making under certainty, risk, and ambiguity, over a shorter …
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We report a controlled laboratory experiment examining risk-taking and information aggregation in groups facing a … common risk. The experiment allows us to examine how subjects respond to new information, in the form of both privately …
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We report an experiment examining risk taking and information aggregation in groups. Group members come to the table …
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