Showing 1 - 10 of 27,785
market distortion; rational decision making within game theory frameworks under different jurisdictional background …
Persistent link: https://www.econbiz.de/10014192105
There has been considerable research into dynamic global tactical asset allocation (GTAA) strategies driven by simple measures of Valuation and Momentum applied to a baseline balanced portfolio of equities and fixed income (see Blitz and van Vliet 2008, Wang and Kochard 2011, Gnedenko and Yelnik...
Persistent link: https://www.econbiz.de/10012838940
We study the direct impacts that long-run experiences of climate change have on individual risk preferences. Using panel surveys from Indonesia and Mexico (total N = 25,000), we link within-person changes in elicited risk preferences to state-level, lifetime experiences of climate change. In...
Persistent link: https://www.econbiz.de/10013405449
uncertainty outperform their counterparts with the lowest change by up to 1% per month. The anomaly is not explained by other …
Persistent link: https://www.econbiz.de/10014352071
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 … laboratory. Third, nominalist heuristics are incompatible with expected utility theory which excludes the evaluation stage, and …
Persistent link: https://www.econbiz.de/10003867227
uncertainty about abatement costs and environmental damages. Such a ‘Rules Treaty’ comprises a scaling factor and a refunding rule …
Persistent link: https://www.econbiz.de/10014041072
Persistent link: https://www.econbiz.de/10009304941
We study optimal monetary policy in an environment in which firms' pricing and production decisions are subject to informational frictions. Our framework accommodates multiple formalizations of these frictions, including dispersed private information, sticky information, and certain forms of...
Persistent link: https://www.econbiz.de/10009489131
Persistent link: https://www.econbiz.de/10009152076
economic theory. Nevertheless, as the increasingly exquisite and detailed financial data demonstrate, financial markets often …
Persistent link: https://www.econbiz.de/10002645246