Search Results for Knightian Uncertainty

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Knightian uncertainty (ambiguity) implies presence of uninsurable risks. Institutional quality...

With cross-section data from 53 emerging and mature markets, we provide evidence that equity...

Institutional transparency makes future contingencies more easily predictable for investors....

This paper quantifies the economic impact of uncertainty shocks in the UK using data that span...

U.S. household consumption declined sharply in late 2008, marking a departure from thetrend of a...

In this paper, the following statistical data are presented in detail: national accounts at...