WebIssue Date November 2016. Revision Date March 2024. We examine the impact of ambiguity, or Knightian uncertainty, on the capital structure decision, using a static tradeoff theory model in which agents are both ambiguity and risk averse. The model confirms the well-known result that greater risk—the uncertainty over outcomes—leads firms to ... WebJun 12, 2024 · Here we show that ambiguity attitudes, but not risk attitudes, predict prosocial behavior: the greater an individual’s ambiguity tolerance, the more they …
Revisiting precautionary saving under ambiguity - ScienceDirect
WebJan 19, 2016 · I will argue that this ambiguity is the following: justice aims at the establishment of social peace and in that sense it is the necessary remedy against human evil, but justice also implies power, and possibly violence, over others in that it relates to violent feelings of vengeance, to institutional mechanism of authority, and to a struggle ... Webthe ambiguity of an individual word or phrase that can be used (in different contexts) to express two or more different meanings no man's land , twilight zone the ambiguous region between two categories or states or conditions (usually containing some features of both) bisimoto engineering genesis coupe 2013
Psychological Impact of Ambiguous Health Messages about …
WebFeb 25, 2013 · The ambiguity we uncover in terms of frequency of exchange is consistent with earlier research on international waters that suggests that states may intentionally design vague mechanisms related to data exchange in order to allow for greater flexibility in the face of resource uncertainty or to serve domestic political purposes. 8 But this ... WebOct 1, 2009 · How does bilingual experience shape the cognitive system? In general, bilinguals face greater ambiguity during language processing because they consider … WebMar 20, 2024 · Greater ambiguity aversion decreases the utility value of remaining uninformed (i.e., the right-hand side of Eq. 6), which has the intuitive effect of increasing the willingness to pay for information. However, the acquisition of information also involves ambiguity. In particular, if the evidence is not conclusive, the DM will have to cope with ... bisimoto odyssey for sale