Survey respondents strongly disagree about return risks and, increasingly, macroeconomic uncertainty. This may have …, raising prices. More complex collateralised contracts, like CDOs, can increase prices further. In contrast, with disagreement …

uncertainty with the dispersion of point-estimates among individual forecasters (a measure of disagreement). We also assess the … range of specific outcomes, allowing us to measure uncertainty, assess its driving forces, and compare this measure of …

The paper analyzes foreign investment and asset prices in a context of uncertainty over future government policy. The … component. We show that both the time series and the term structure of conditional volatility in general is downward sloping and … reputation. Another testable implication is that in price series without a policy reversal, implied volatility from option prices …

uncertain and subject to learning. We discuss phenomena related to the volatility and predictability of asset returns, stock …

We present a novel source of disagreement grounded in decision theory: ambiguity aversion. We show that ambiguity … aversion generates endogenous disagreement between a firm's insider and outside shareholders, creating a new rationale for …

(economic) transparency, and given our findings that disagreement among inflation expectations in the general public is not …