This paper studies strategic decisions under uncertainty for which past data are not
available. It provides microfoundations of the theory-based view of the firm by showing that …

We examine how policymakers react to a pandemic with uncertainty around key
epidemiological and economic policy parameters by embedding a macroeconomic SIR …

We consider an agent who posits a set of probabilistic models for the payoff-relevant
outcomes. The agent has a prior over this set but fears the actual model is omitted and …

In this paper methods, criteria and models of safety assessment of multimodal transportation
systems are investigated. Today, new types of transportation systems are formed …

This paper develops a belief update rule under ambiguity, motivated by the maxim: in the
face of new information, retain those conditional beliefs in which you are more confident …

This paper examines the profitability of the black swan investment strategy via the index
portfolio formed and investigates international stock market contagion dynamics through …

We study risk preference, moral preference, and their interaction. First, we examine source
dependence in the setting of gift exchange with effort provision. We find that when the …

Uncertainty motivates a wide range of human behavior, as individuals are disposed to
pursue a feeling of certainty. We propose that uncertainty motivates morality, and test the …