investigating known-risk gambles and ambiguous gambles have systematically used the urn context. Little systematic research has …

or in standard utility theory. Based on the expected expected utility (EEU) concept, we consider uncertain predictions …

Some projects take time to build or are slow to yield cash flows. This may impact the dynamics of investment and … as a laboratory to identify cash-flow sensitivities. In this context, investment decisions depend on the expectations of … buffer stock for liquidity in preparation for future investment opportunities …

information such purchases convey, or what determines the extent of the undervaluation. Our theory explains the nature of the … asymmetry, open market purchases occur when they plausibly signal that risk averse, undiversified insiders are willing to bear … incremental wealth risk. Our tests account for limits to the public observability of insiders' wealth and show, consistent with …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …