Previous work has shown that preferences are not always stable across time, but surprisingly little is known about the reasons for this instability. I examine whether variation in people's emotions over time predicts changes risk attitudes. Using a large-panel dataset, identify happiness, anger, and fear as significant correlates of within-person Robustness checks indicate limited role alternat...

Straipsnyje nagrinėjami veiksniai, darantys įtaką inovacijų diegimui Lietuvos viesbucių versle. Sprendžiama mokslinė problema: kokie diegimo veiksniai aktualiausi Taikant ekspertinio vertinimo ir apklausos metodus atliekamas diegimą lemiancių veiksnių vertinimas. Nustatyti svarbiausi lemiantys veiksniai: rinkos imlumas, materialiniai finansiniai įmonės istekliai. Inovacijų viesbuciuose labiausi...

JEL classification: C65, D63, D71, D81 Mathematics Subject Classification (2000): 91B16

The class of maximin actions in general decision problems is characterized. JEL classification: C70, D81.

This note provides a behavioral characterization of mutually absolutely continuous multiple priors. JEL classification: D81

A decision maker tests whether the gradient of loss function evaluated at a judgmental is zero. If test does not reject, action decision. rejects, sets equal to boundary rejection region. This statistical rule admissible and conditions on sample realization. The confidence level reflects maker’s aversion uncertainty. applied problem asset allocation. JEL Classification: C1, C11, C12, C13, D81

Uncertainty about the future rises in recessions. But is uncertainty a source of business cycles or an endogenous response to them, and does type matter? We propose novel SVAR identification strategy address these questions via inequality constraints on structural shocks. find that sharply higher macroeconomic recessions often output shocks, while financial markets likely fluctuations. (JEL D81...

This article introduces the symposium on model uncertainty and robustness. © 2006 Elsevier Inc. All rights reserved. JEL classification: D81; D91