WebSep 17, 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 decrease leverage. Conversely, the model indicates ... WebJul 2, 2024 · In particular, whether the agent is ambiguity averse or ambiguity lover depends on whether the ratio \(\frac{k_{A}}{k_{R}}\) is greater or smaller than one. Ambiguity neutrality is obtained when this ratio is equal to one. It follows that increasing the risk aversion parameter \(k_{R}\) while keeping \(k_{A}\) constant will change ambiguity ...
Tolerance of Ambiguity - an overview ScienceDirect Topics
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 ... WebMark A. Runco, in Creativity (Second Edition), 2014 Tolerance of Ambiguity. Vernon (1970) seemed to think that tolerance of ambiguity was the most important trait for creative work (cf. Golann 1962; Stoycheva 2003a, 2003b Golann, 1962 Stoycheva, 2003a Stoycheva, 2003b).Tolerance of ambiguity may allow the person to deal with the ill … dyson hair dryer non slip mat
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WebJan 10, 2024 · Therefore, polysemy is shown to have a greater ambiguity advantage than homonymy, and metonymically polysemous words show a greater ambiguity advantage than metaphorically polysemous words. Following the sense-relatedness and meaning activation in ambiguous words, we modify the current learning rule in the signaling game … WebIn medical practice, an individual’s low tolerance for ambiguity has been associated with a biomedical rather than a biopsychosocial worldview, 11 as well as increased test-ordering tendencies and failure to comply with evidence-based guidelines, 12 greater likelihood of recalling screening mammograms, 13 increases in patient charges, 14 ... 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 ... dyson hair dryer new model 2019