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We study how managers respond to hurricane events when their firms are located in the neighborhood of the disaster area. We find that the sudden shock to the perceived liquidity risk leads managers to increase corporate cash holdings and to express more concerns about hurricane risk in...
Persistent link: https://www.econbiz.de/10010391950
Abstract: The decision theory under risk or uncertainty has for object to describe the behavior of agents facing … several uncertainty perspectives, waited that every agent is characterized by preferences that are him clean. As it is … description in uncertainty. The interest obvious of this method is to permit to integrate these data directly in a formalized …
Persistent link: https://www.econbiz.de/10015223417
The decision theory under risk or uncertainty has object to describe the behaviour of agents facing several uncertainty … (called as function value) constitutes a long time since the usual method of behaviour description in uncertainty. The … answer to the problem of decision under risk or uncertainty and to analyze the approach of these models. …
Persistent link: https://www.econbiz.de/10015258648
Abstract: The decision theory under risk or uncertainty has for object to describe the behavior of agents facing … several uncertainty perspectives, waited that every agent is characterized by preferences that are him clean. As it is … description in uncertainty. The interest obvious of this method is to permit to integrate these data directly in a formalized …
Persistent link: https://www.econbiz.de/10015254886
Abstract: The decision theory under risk or uncertainty has for object to describe the behavior of agents facing … several uncertainty perspectives, waited that every agent is characterized by preferences that are him clean. As it is … description in uncertainty. The interest obvious of this method is to permit to integrate these data directly in a formalized …
Persistent link: https://www.econbiz.de/10015254909
We propose a task for eliciting attitudes towards risk that is close to real world risky decisions which typically involve gains and losses. The task consists of accepting or rejecting gambles that provide a gain with probability p and a loss with probability 1 − p. We employ finite mixture...
Persistent link: https://www.econbiz.de/10010499766
environment. This paper proposes, from a central banker's point of view, a synthesis of the main sources of uncertainty as well as … uncertainty and the choice of the selected loss function, the recommendations for monetary policy can be noticeably different …
Persistent link: https://www.econbiz.de/10008479237
synthesis of the main sources of uncertainty as well as an illustration of their effects within an analytical framework. In … particular, it shows that depending on the type of uncertainty and the choice of the selected loss function, the recommendations …
Persistent link: https://www.econbiz.de/10008800031
Persistent link: https://www.econbiz.de/10009354776
Persistent link: https://www.econbiz.de/10010372363