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The paper analyzes the discount rate under uncertainty. The analysis complements the probabilistic characterization of … uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as … general class of preferences for which uncertainty implies a reduction of the discount rate. It also characterizes how the …
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his confidence in the uncertainty assessment of a particular setting. …
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landscape. Uncertainty and perceptions are influential drivers when it comes to migration decisions, and yet, the literature … simultaneously associated with uncertainty perceptions. We leverage the British referendum of 2016 to leave the European Union as a … unique natural experiment to demonstrate how collective uncertainty, induced by national government policy, affects the …
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The paper analyzes the discount rate under uncertainty. The analysis complements the probabilistic characterization of … uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as … general class of preferences for which uncertainty implies a reduction of the discount rate. It also characterizes how the …
Persistent link: https://www.econbiz.de/10010676464
his confidence in the uncertainty assessment of a particular setting. …
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