... innovation, revealing essential yet overlooked aspects of corporate sustainability amid environmental uncertainties. Drawing from a comprehensive literature review, we argue that the impact of natural disasters on firms depends on uncertainty levels and the gap between a firm’s actual environmental...

... the resulting distribution is. The following definition precisely describes what I mean by “concentrated” and “dispersed.“ ² Bayesian Updating Cognitive Biases Irrational Expectations Learning Uncertainty C02 D03 D83 The weighted updating model generalizes Bayes’ rule...

... Licensed re-use rights only Bayesian Updating Cognitive Biases Irrational Expectations Learning Uncertainty C02 D03 D83 Addressing climate change is one of the most important challenges of this century. Transitioning to a low-carbon economy requires people to drastically change...

... by using administrative data on property taxes from two U.S. cities to investigate how observed levels of (plausibly exogenous) tax-payment uncertainty affect collective choice. Specifically, we show that, for sophisticated risk-averse or loss-averse voters, higher levels of tax-payment uncertainty...