-stated risk attitudes by exploiting changes in media coverage of economic news. We use information on risk attitudes from the … and the month preceding the date of the risk attitude elicitation. Using fixed effects regressions we observe effects of … that are aggregated over the previous month, however, relates to a decrease in risk aversion if the news are predominantly …

How does demand uncertainty affect entry into skill-based competition? I investigate this question in a market entry … experiment with skill-based payoffs by systematically varying two key elements of the market environment: demand risk and … expected market size. Results show that people's reactions to demand risk depend on the market size: in small markets people …

attribute to a socially rational trade-off between informativeness and accuracy. -- overconfidence ; uncertainty ; monetary …

important role for anticipatory feelings and uncertainty in intertemporal behavior. -- negative time preferences ; choice … reversal ; risk ; time inconsistency ; real-effort experiment …

This experimental paper investigates the impact of emotions on risk and return estimates of stocks. Participants rate … well-known blue-chip firms on an emotional scale and forecast risk and return of the firms' stock. We find that positive … emotions lead to a prediction of high return and low risk, while negative emotions lead to a prediction of low return and high …

with the Arrow/Romer approach to endogenous growth to analyze the interaction of risk, growth, and inequality, the latter …. Major results include that growth, inequality, and risk are positively related in our model, but we also identify a hump …-shaped relationship between welfare and risk, indicating a tradeoff relationship between risk-pooling and growth in the determination of …

This paper estimates the impact on the US economy of four types of uncertainty about (i) government spending, (ii) tax … changes, (iii) public debt sustainability and (iv) monetary policy. Following a one standard deviation shock, uncertainty …, consumption and investment after two years around 0.5%, 0.3% and 1.5% respectively. Uncertainty on the other economic policies has …

environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature …A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …

riskiness to continuous random variables. For many continuous random variables, the risk measure is equal to the worst-case risk … measure, i.e. the maximal possible loss incurred by that gamble. We also extend the Foster-Hart risk measure to dynamic …

uncertainty about the prevailing social norm. This distortion is different in nature from the typical distortion due to a con ict …