Democracy is one of the fundamental values of our European Union. It is at the heart of our open and transparent societies. In the European Union, citizens can freely express their views, participate in democratic life, and choose their political representatives. However, false information has...

We compare preferences for temporal resolution when uncertainty is resolved over a probability rather than a value. In various frameworks-e.g., Kreps and Porteus (1978)-, preferences over gradual versus one-shot resolution do not depend on whether values or probabilities define the main object...

Accruals are regarded as investments in working capital and are an integral component in the growth process of firms. By assuming asymmetry of information among investors when predicting the returns on such investments, investors are exposed to adverse selection problems. Consequently, in market...