the dispersion of individual forecasts around these averages are interpreted as indicating "uncertainty." However …, while uncertainty is properly understood as referring to the diffuseness of the distributions of probabilities that … distributions for the same targets. Thus the former tend to understate uncertainty as measured by the latter. This is so …

We ask how patient knowledge of appropriate antibiotic usage affects both physicians prescribing behavior and the … knowledge also increases physicians' information provision about possible side effects, but has a negative impact on the quality …

Insurance induces a well-known tradeoff between the welfare gains from risk protection and the welfare losses from … the tradeoff simultaneously, allowing for a relationship between moral hazard and risk protection. An important feature of …, and stoplosses that alter moral hazard as well as risk protection relative to no insurance. I illustrate the properties of …

Using textual analysis and comparing cybersecurity-risk disclosures of firms that were hacked to others that were not …, we propose a novel firm-level measure of cybersecurity risk for all US-listed firms. We then examine whether … cybersecurity risk is priced in the cross-section of stock returns. Portfolios of firms with high exposure to cybersecurity risk …

physicians were to act as perfect agents for their patients, and even if moral hazard were to be eliminated, coordination failure …

In line with the fallacy of riskification of uncertainty by which decision makers believe that the effects of … organizational inefficiency in dealing with uncertainty shocks—exogenous hazards whose welfare effects spread across industries and … markets, such as natural disasters, terrorist attacks, and financial crises—as a problem of risk management. This is …

We review and extend the economic analysis of risk and uncertainty as it relates to behavior mitigating health shocks … for risk-sharing in health by pooling the health care spending risk. In a sense, medical innovation involves a current …