A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers … associated with about a 6% reduction in investment. Second, uncertainty is also negatively related to employment growth and …' subjective uncertainty. We address this challenge by using a detailed new survey measure of subjective uncertainty collected by …

risk preferences. Here, we develop an analogous tool for choice under uncertainty – the ambiguity triangle – and show that … characterize this heterogeneity with finite-mixture estimates of a one-parameter extension of Expected Utility Theory wherein 48 …

The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under … the scenarios of both certainty and uncertainty. We capture the direct interest rate-hysteresis on the investments and the …

We analyze a long-term contracting problem involving common uncertainty about a parameter capturing the productivity of …

gap that often characterizes choices under uncertainty by means of a higher loss rather than risk aversion …This paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at measuring risk attitudes … truncation of the data, allows to precisely estimate both risk aversion and risk seeking, and is not affected by the degree of …

. While it is hard to measure how this uncertainty affects work performance and willingness to compete in the field, it can be … men winning the tournament significantly more often than women under uncertainty and ambiguity. These findings suggest … disparities from increasing under uncertainty and ambiguity …

Using a new survey of firms in New Zealand, we document how exogenous variation in the macroeconomic uncertainty … macroeconomic uncertainty of some firms. The effects on their decisions relative to their initial plans as well as relative to an … reduce their prices, employment, and investment, their sales decline, and they become less likely to invest in new …

. Fifth, our survey evidence suggests that elevated uncertainty is exerting only mild restraint on capital investment plans …We examine several measures of uncertainty to make five points. First, equity market traders and executives at … nonfinancial firms have shared similar assessments about one-year-ahead uncertainty since the pandemic struck. Both the one …

differences in risk aversion play no significant role in competitive (tournament) vs. piece-rate job choices and consequent gender … wage gaps. Subjects in the treatment experiments are sorted into relatively more and relatively less risk averse groupings …. Relatively less risk averse subjects are assigned to a risky job track involving a known constant probability of unemployment in …

In this paper, we empirically assess the causal relationship between trade and individual income risk and study the … from 1976 to 2012. Our estimates suggest substantial heterogeneity in labor income risk across workers in different entry … exports (per worker) are strongly and causally related to income risk: Imports increase risk and exports decrease risk, and …