abstract background and aim: the intolerance of uncertainty model was initially developed as an explanation for worry within the context of generalized anxiety disorder. however, recent research has identified intolerance of uncertainty (iu) as a transdiagnostic maintaining factor across the anxiety disorders. the aim of the present study was to compare the intolerance of uncertainty in patient...

A growing body of evidence suggests that uncertainty is counter cyclical, rising sharply in recessions and falling in booms. But what is the causal relationship between uncertainty and growth? To identify this we construct cross country panel data on stock market levels and volatility as proxies for the first and second moments of business conditions. We then use natural disasters, terrorist at...

The paper shows that the difference in aggregate volatility risk can explain why several anomalies are stronger among the stocks with low institutional ownership (IO). Because of their desire to hedge against aggregate volatility or to exploit their competitive advantage in obtaining and processing information, coupled with the dislike of uncertainty and volatility, institutions tend to stay aw...

Uncertainty quantification is an important approach to modeling in the presence of limited information about uncertain quantities. As a result recent years have witnessed a burgeoning body of work in this field. The present paper gives some background, highlights some recent work, and presents some problems and challenges.

Empirical growth research faces a high degree of model uncertainty. The current paper deals with the fundamental issue of parameter estimation under model uncertainty, and compares the performance of various model averaging techniques. In particular, it contrasts Bayesian model averaging (BMA) — currently one of the standard methods used in growth empirics — with a new method called weighted-av...

This paper tests a set of hypotheses relating to agency and Schumpeterian views on how competition affects performance. A survey data set of Australian workplaces is used, with the change in labour productivity growth as the dependent variable. The results show strong support for the idea that intense competition raises productivity growth in managerial workplaces, but not in non-managerial wor...

A growing body of evidence suggests that uncertainty is counter cyclical, rising sharply in recessions and falling in booms. But what is the causal relationship between uncertainty and growth? To identify this we construct cross country panel data on stock market levels and volatility as proxies for the first and second moments of business conditions. We then use natural disasters, terrorist at...