against the wishes of business, even though for a broad discussion of the sources of status quo bias at the level of individual decision-making, and Tirnur.
Conflicts from Ireland to Afghanistan are a tragic testament to the power of religious attitudes, and we ..... a short survey as part of a psychology class project. They first ... The values options included: Business/ Economics/ Making Money, ...
We develop a business cycles theory of endogenous uncertainty. â® Large evidence of heightened uncertainty in 2007-2012 (Bloom et al.,2012; Ludvigson et al.
Since sα is chosen uniformly, individual outcomes are identically distributed, but .... Definition 2 A utility U is indifferent to aggregate uncertainty if U(P) = U(Q) for any two lotteries P, ...... Storage for good times and bad: Of squirrels and
May 10, 2016 - We develop a theory of endogenous uncertainty and business cycles in which short- ..... We define a recursive competitive equilibrium as follows.10 ..... The top panel presents three different series of shocks to the mean of beliefs µ
Nov 24, 2010 - 2Toulouse School of Economics, GREMAQ and EHESS. 3Toulouse School of ... good outcome and put less weight on this ex ante. Finally, whether .... Technology, information and preferences: We consider the following procurement .... Higher
This paper previously circulated under the title âUncertainty,. Productivity and Unemployment in the Great Recessionâ. â Email: [email protected]; ...
Center for Economic Policy Studies at Princeton University. This paper .... On-the-job search is especially important for quantitative applications to business ...
Nov 24, 2010 - service, they would need to write a procurement contract with a private firm ... risk-averse agents and some of their results go through in our ...... Comparing (19) and (21) it is clear that, when α(U) ⥠0, the rent deriva-.
Business cycle frequencies: less aggressive ... Taylor rule viewed as robust in this class of models (cf. Taylor, 1999) ... Brainard, William, âUncertainty and the effectiveness of policy,â American Economic Review 57 (2), 411â425, May 1967.
Mar 5, 2008 - turing industries, using the Compustat data set. Section 6 is .... Even if K is uniquely well%defined, it may be too high for any producer to choose. E . # (the ..... The larger @ is, the more room there is for improvement. The.
Center for Mathematics and Computer Science (CWI), .... terms, where pj(x) is the local polynomial degree of wj(x, ξ) in Îj. The coefficients cj,i(x) are determined.
each Federal agency, by a date certain and to the extent economically ...... Greek alphabet in roman and italic type alpha. A. A beta. B. B gamma delta epsilon. E.
Nov 9, 2017 - We also thank Ben Blau, Aspen Gorry, Bill Shughart and seminar participants at Utah State University, BYU-USU macro workshop, Southwest Finance ...... this range and we would need to make some additional assumptions about the bargaining
Data uncertainty: â Certainty equivalence ... Data and model uncertainty together can explain gradual Fed policy. 2 ... Active learning computationally intensive.
May 10, 2016 - The economy displays uncertainty traps: self-reinforcing episodes of .... Our analysis also relates to a theoretical literature in macroeconomics ...
entrepreneurial loans will be given by a spread over the risk free rate. ..... 12The data is available at the following website: https://people.stanford.edu/nbloom/. ...... rows correspond to different variants of the model as described in the text.
Uncertainty Quantification for Stochastic Subspace Identification on. Multi-Setup Measurements. Michael Döhler, Xuan-Binh Lam and Laurent Mevel. Abstractâ ...
Sep 12, 2016 - being a major theme in the voting theory for decades in political science, .... the results of our analysis apply if we simply switch the roles of two ...
Page 1 ... earlier draft. Remaining errors are my own. 1 ..... requirement for the seller will in turn make him unable to take full advantage of his own. 7One could ...
Jul 25, 2017 - security. It must accept a low interest rate on bank debt and it must pay a tax to finance the .... Acharya and Thakor (2016) focus on bank regulation when bank ... bailout policy when the regulator can bridge the information gap.
