This paper investigates the effect of economic policy uncertainty (EPU) on gambling activity in China. Based on a … data on lottery sales in Chinese provinces to estimate the short- and long-run effect of EPU on gambling. Our results … suggest that EPU has a significant positive effect on gambling in the short run. In addition, we find that this positive …

When agents’ information is imperfect and dispersed, existing measures of macroeconomic uncertainty based on the … dispersion. The former driver increases uncertainty and reduces agents’ disagreement (agreed uncertainty). The latter increases … both uncertainty and disagreement (disagreed uncertainty). We use these implications to identify empirically the effects of …

This paper examines the relation between crowd support and home advantage in professional football in making use of a … football divisions during the 2019/2020 season. We find that there is a reduced home advantage in the first division, whereas …

This paper quantifies how much of violent crime in society can be attributed to football-related violence. We study the … universe of professional football matches played out in Germany’s top three football leagues over the period 2011-2015. To … violent crimes on days with and without professional football matches while controlling for date heterogeneity, weather, and …

intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is …

uncertainty of a combined forecast should be interpreted as that of a typical forecaster randomly drawn from the pool. With a … standard factor decomposition of a panel of forecasts, we show that the uncertainty of a typical forecaster can be expressed as … some previously used measures significantly underestimate the conceptually correct benchmark forecast uncertainty …

expectation dispersion and economic uncertainty for the stock-market reaction to indicator releases. We find that the strength of …. Uncertainty, in contrast, increases the response. We rationalize our findings in a model of imperfect information. In the model … content of indicators, while higher fundamental uncertainty makes this informational content more valuable …

We examine the relationship between private bank deposits and macro/fiscal risk in the euro area. We test three … hypotheses: First, private bank deposits relative to Germany are determined by macro/fiscal risk factors. Second, this … relationship is time-varying. Third, time-variation is driven by the level of macro/fiscal risk. Our findings validate all three …

is rooted in the uncertainty about the opponent's sabotage: in the absence of information about the opponent's sabotage …

hitting a threshold, as well as a set of risk-modified optimality conditions for overall wealth management, as long as no …