In the wake of financial crises and periods of high volatility, economists have struggled to fully explain persistent asset price misalignments and growing wealth inequality using traditional models ...

该研究通过Machina三结局悖论实验，发现多数参与者偏好低结果模糊行为L而非高结果H，挑战了四类不确定性规避理论。实验采用两阶段设计，先通过PRINCE方法确定确定性等价c，再将其用于Machina模型。结果表明参与者违背抽奖独立性（如Allais不一致）及存在失望 ...

A new climate-economy model reported in Risk Sciences examines how ambiguity about key climate and economic factors shapes carbon abatement decisions. The study focuses on three sources of ...

Entrepreneurs differ not just in how much ambiguity they’ll bear, but also in how they respond to changing information. Imagine two founders. One runs a food truck; the other develops a new sodium-ion ...

Guarantees in life are scarce. So when a global pandemic throws our environment into disarray, it is natural to shy away from ambiguity and lean into patterns that align with our worldview. Various ...