The left side represents the theoretical framework; the top middle contains a labeled box with a circumscribed circle displaying the call and put option prices (c, p), as well as the delta and vega ...

They knew it was true, but now they've shown it: Scientists have demonstrated that the uncertainty principle, one of the most famous rules of quantum physics, operates in macroscopic objects visible ...

We empirically analyze the pricing of political uncertainty, guided by a theoretical model of government policy choice. To isolate political uncertainty, we exploit its variation around national ...

image: Modern decision theory can assist policymakers in critical times such as the COVID-19 crisis, argue Bocconi University's Massimo Marinacci and Valentina Bosetti in a paper coauthored by Nobel ...