A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information
نویسندگان
چکیده
منابع مشابه
Ambiguity and Asymmetric Information
The theoretical literature has found that advantageous selection could be observed in equilibrium when there is multi-dimensional heterogeneity of customers or both hidden action and hidden information are employed. This paper proposes a third approach for advantageous selection. Based on the classic Rothschild and Stiglitz (1976) model, we consider ambiguity-averse individuals who face a gener...
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abstract reception environment has considerable effects on accepting a translation. as the expectations of a target culture and its values and needs change throughout history, its criteria for accepting a translation or rejecting it will change accordingly (gentzler, 2001). the expectations of iran, as the reception environment in the present study, have changed after the islamic revolution. i...
the investigation of the relationship between type a and type b personalities and quality of translation
چکیده ندارد.
Earnings Announcement Premium and Information Ambiguity
In today's investment world there is emphasis on the role of accounting information. Behavioral factors always play an important role in financial markets. All investors are not rational and their demand for riskiness of assets is influenced by their beliefs and feelings. Optimism, pessimism, self-confidence, ambiguity-aversion, etc. help changing the manner of decision-making process over time...
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ژورنال
عنوان ژورنال: Econometrica
سال: 1986
ISSN: 0012-9682
DOI: 10.2307/1912324