Recent theoretical papers suggest that high uncertainty about firms' economic prospects can explain delays in the … then compare these measures across portfolios of stocks characterized by different degrees of uncertainty. Our findings … indicate that: (i) stock prices characterized by high uncertainty tend to adjust to bad news more sluggishly than those …

The paper uses a Walrasian two-period financial market model with informed and uninformed constant absolute risk averse … (CARA) rational investors and noise traders. The investors allocate their initial wealth between risky assets and risk …’ prediction coefficient but makes that of the uninformed investors diminish. Inflation does not affect rational investors’ risk …

-dimensional construct of locus of control. We replicate a gender effect on correlations of dispositional optimism with self-reported risk …

inherently ambivalent, being considered as an indicator of either information flow or uncertainty.We discriminate between these … volatility. This exploits the revealed reaction of investors to gauge the degree of information and uncertainty ascribed to …

considered an indicator of either information flow or uncertainty. We show in a stylized model economy that both views suggest … market, volatility reflects information (uncertainty). We introduce a simultaneous time-varying coefficient model, where …