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knowledge ahead faced under risk and uncertainty, namely models under the umbrella of SKAT, the Stages of Knowledge Ahead Theory …. -- nominalism ; money illusion ; heuristic ; unpredictability ; experiment ; SKAT the Stages of Knowledge Ahead Theory ; prominent …
Persistent link: https://www.econbiz.de/10003867227
This paper focuses on risk tolerance which clearly influences financial decision making. We explore the emotional side … of a risk taking behaviour, comparing alternative measures of financial risk tolerance resulting from the consilience of … unbiased risk tolerance (UR), which is obtained from the psycho physiological reactions of individuals taking risk in …
Persistent link: https://www.econbiz.de/10013135150
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …
Persistent link: https://www.econbiz.de/10011349194
Persistent link: https://www.econbiz.de/10001746688
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outcomes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ …
Persistent link: https://www.econbiz.de/10014057062
risk premiums are observed in countries where survey participants tend to be more short-term oriented. This finding is …
Persistent link: https://www.econbiz.de/10012971592
tend to be more short-term oriented, higher historical equity risk premiums are observed. This finding is consistent with … between Hofstede's Uncertainty Avoidance cultural dimension and equity risk premium …
Persistent link: https://www.econbiz.de/10012975089
investment. The decline in investments increases in the degree of external financial constraints faced by firms, with the effect …-level liquidity as a necessary catalyst in linking investment plan revisions and uncertainty – without sufficient cash reserves, the …
Persistent link: https://www.econbiz.de/10012851744
Theory as well as empirics suggest that both the level and the volatility of uncertainty impact important economic variables. There is a need to extend models of uncertainty to the volatility of uncertainty. We analyse the dynamics of the Economic Policy Uncertainty index developed by (Baker et...
Persistent link: https://www.econbiz.de/10013323381
that increases in TPU reduce investment and activity using both firm-level and aggregate macroeconomic data. We interpret … reduce investment and activity …
Persistent link: https://www.econbiz.de/10012065127