Behavioral finance studies the application of psychology to finance, with a focus on
individual-level cognitive biases. I describe here the sources of judgment and decision …

The Ellsberg paradox suggests that people's behavior is different in risky situations—when
they are given objective probabilities—from their behavior in ambiguous situations—when …

We investigate the role of economic uncertainty in the cross-sectional pricing of individual
stocks and equity portfolios. We estimate stock exposure to an economic uncertainty index …

Purpose This study aims to support and extend signalling theory because of information
asymmetry. This study also aims to answer the call to further negative signalling and explore …

We test the relation between ambiguity aversion and five household portfolio choice
puzzles: nonparticipation in equities, low allocations to equity, home-bias, own-company …

Risk and ambiguity are two conditions in which the consequences of possible outcomes are
not certain. Under risk, the probabilities of different outcomes can be estimated, whereas …

The finance sector's response to pressures around climate change has emphasized
disclosure, notably through the recommendations of the Financial Stability Board's Task …

We propose that innovative originality is a valuable organizational resource and that owing
to limited investor attention and skepticism of complexity, greater innovative originality may …

We review recent advances in the field of decision making under uncertainty or ambiguity.
We start with a presentation of the general approach to a decision problem under …

Although weather has been shown to affect financial markets and financial decision making,
a still open question is the channel through which such influence is exerted. By employing a …