Universitätsstraße 14-16
Münster, 48143
Germany
University of Münster - Finance Center Münster
Ellsberg paradox, risk, ambiguity, epistemic uncertainty, aleatory uncertainty
Default risk, credit default swaps, cost of capital, multi-segment firms, diversification
decision making, risk, probability weighting, perceived expertise, ignorance illusion
Industry specialization; Credit default rates; Soft information production; Loan officers; Monitoring synergies
estimation accuracy, wisdom of the crowd, calibration, competence weighting, prediction markets