although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. … surge in the stock market would be self-correcting. Recent papers have discussed the role of "uncertainty" and its …

Probabilistic risk beliefs are key drivers of economic and health decisions, but people are not always certain about … measurable separately from the levels of risk beliefs. People with higher levels of imprecision update their beliefs more in …

model uncertainty or imprecision in a probabilistic framework. We discuss imprecise versions of stochastic processes with a …

This study attempts to identify uncertainty in the long-term rate of interest based on the controversial interest rate …-form GARCH-in-mean model assigned to six globally leading financial markets. The obtained results support Keynes's theory - the … macroeconomic variables without interest uncertainty are thus seriously incomplete. …