Vague, or imprecise, news may affect decisions by changing either the fundamentals, or the associated uncertainty, or both. We show response to vague news is shaped by ambiguity attitudes, yet with qualitative differences for different levels of risk, on top of ambiguity, conveyed. The decision...

Knowledge intensive business services (KIBS) are a rapidly developing sector of modern economies. Numerous studies suggest that KIBS facilitate knowledge exchange between providers and consumers, and improve the innovativeness of the latter. However, because KIBS are strongly reliant on service...

Knowledge intensive business services (KIBS) constitute a rapidly developing sector of modern economies. Numerous studies suggest that KIBS facilitate knowledge exchange between providers and consumers, and improve the innovativeness of the latter. However, because KIBS are strongly reliant on...