in a socially optimal manner. We develop a general theory of robust subsidies under such one-sided uncertainty and … across such sets, implying the optimal choice of a policy exists for the government under different uncertainty levels. …

in a socially optimal manner. We develop a general theory of robust subsidies under such one-sided uncertainty and … across such sets, implying the optimal choice of a policy exists for the government under different uncertainty levels. …

We can overcome uncertainty with uncertainty. Using randomness in our choices and in what we control, and hence in the … decision making process, could potentially offset the uncertainty inherent in the environment and yield better outcomes. The … example we develop in greater detail is with regards to the creation and dissemination of knowledge. That there is uncertainty …

Current decision-making models assume that an individual's attitude towards risk does not vary across different sources … result suggests that individuals are subject to knowledge illusion in decisions under risk, constituting source …-dependent risk attitudes. We document that knowledge illusion stems from the wrongly assigned importance of perceived expertise in …