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An Experimental Test of a Search Model Under Ambiguity

Asano, Takao - 2014

This paper's objective is to design a laboratory experiment to explore the effect of ambiguity on a subject's search behavior in a finite-horizon sequential search model. In so doing, we employ a new approach to observe the potential trend of reservation points that is usually unobserved. We...

Persistent link: https://www.econbiz.de/10013058734

Dynamic Incentive Contracts Under Parameter Uncertainty

Prat, Julien - 2010

We analyze a long-term contracting problem involving common uncertainty about a parameter capturing the productivity of the relationship, and featuring a hidden action for the agent. We develop an approach that works for any utility function when the parameter and noise are normally distributed...

Persistent link: https://www.econbiz.de/10013135822

The "Bomb" Risk Elicitation Task

Crosetto, Paolo - 2012

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 … gap that often characterizes choices under uncertainty by means of a higher loss rather than risk aversion …

Persistent link: https://www.econbiz.de/10013103490

Investment and Subjective Uncertainty

Bloom, Nicholas; Davis, Steven J.; Foster, Lucia; … - 2022

A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers' subjective uncertainty. We address this challenge by using a detailed new survey measure of subjective uncertainty collected by the U.S. Census Bureau for approximately 25,000...

Persistent link: https://www.econbiz.de/10014240723

How Uncertainty and Ambiguity in Tournaments Affect Gender Differences in Competitive Behavior

Balafoutas, Loukas - 2019

Tournament incentives prevail in labor markets. Yet, the number of tournament winners is often unclear to competitors. While it is hard to measure how this uncertainty affects work performance and willingness to compete in the field, it can be studied in a controlled lab experiment. We present a...

Persistent link: https://www.econbiz.de/10012868836

The Ambiguity Triangle : Uncovering Fundamental Patterns of Behavior Under Uncertainty

Burghart, Daniel - 2015

risk preferences. Here, we develop an analogous tool for choice under uncertainty – the ambiguity triangle – and show that …

Persistent link: https://www.econbiz.de/10013016343

The Effect of Macroeconomic Uncertainty on Firm Decisions

Kumar, Saten; Gorodnichenko, Yuriy; Coibion, Olivier - 2022

Using a new survey of firms in New Zealand, we document how exogenous variation in the macroeconomic uncertainty perceived by firms affects their economic decisions. We use randomized information treatments that provide different types of information about the first and/or second moments of...

Persistent link: https://www.econbiz.de/10013403719

Pandemic-Era Uncertainty

Meyer, Brent; Mihaylov, Emil; Barrero, Jose Maria; … - 2022

national security as of March 2022. Fourth, firm-level risk perceptions skewed heavily to the downside in spring 2020 but …

Persistent link: https://www.econbiz.de/10013406440

An Empirical Survey of the Ramifications of a Green Economy

Heshmati, Almas - 2014

The unprecedented deterioration of our global environment has increased the necessity of relying upon Green Economic policies as critical and effective environmental management tools. The current situation has stimulated extensive research and debate among global interest groups. This has...

Persistent link: https://www.econbiz.de/10013055566

Gender Discrimination in Property Rights

Casari, Marco - 2014

Starting from the medieval period, women in the Italian Alps experienced a progressive erosion in property rights over the commons. We collected documents about the evolution of inheritance regulations on collective land issued by hundreds of peasant communities over a period of six centuries...

Persistent link: https://www.econbiz.de/10013058729