measure and value uncertainty which are critical steps in decision making, real options are scarcely used in practice. The …

technique for training translators which may be effectual in increasing student’s uncertainty management and solving problems …. Uncertainty is an estate of indecision in the process of translation, and it is closely related to solving problem and uncertainty … argues students who were using think-aloud protocols to verbalize the text may present better uncertainty management in their …

emerging markets investigated reduces the stock market volatility, attributed to decrease in uncertainty about government …). Overall, our results suggest that stock price volatility decreases as the uncertainty about government policy becomes more …

probability distribution P and a general system there exists a system with detailed balance and the same equilibrium that has the …

A probability weighting function w(p) for an objective probability p in decision under risk plays a pivotal role in … Kahneman–Tversky prospect theory. Although recent studies in econophysics and neuroeconomics widely utilized probability … weighting functions, psychophysical foundations of the probability weighting functions have been unknown. Notably, a behavioral …

notion of both fields: uncertainty and the ways of thinking about it developed by the two disciplines. After having presented … the main economic theories of uncertainty (provided by Knight, Keynes and Hayek), I show how this notion is paradoxically … excluded from the economic field. In economics, uncertainty is totally reduced by an a priori Gaussian framework—in contrast to …

We analyze the causal effects of real and nominal macroeconomic uncertainty on inflation and output growth by … countries during 1957–2009, we find strong nonlinearities. First, uncertainty regarding the output growth rate is related with a … inflation uncertainty diminishes growth rates, mainly at a high-inflation regime. Finally, real uncertainty has mixed effects on …

One of the main reasons why workers’ enterprises (WE) still represent a relevant chunk of the economy may lie in some …

gauging the average magnitude of historical uncertainty using information on the predictive accuracy of a number of private … uncertainty surrounding the outlook. To this end, FOMC participants will now provide qualitative assessments of how they view the … degree of current uncertainty relative to that which prevailed on average in the past. This paper discusses a method for …