University College London Featured PhD Programmes
The Francis Crick Institute Featured PhD Programmes
FindA University Ltd Featured PhD Programmes
Engineering and Physical Sciences Research Council Featured PhD Programmes
University of Reading Featured PhD Programmes

Uncertainty, Expectations and macro models

This project is no longer listed on and may not be available.

Click here to search for PhD studentship opportunities
  • Full or part time
    Dr G Piccillo
  • Application Deadline
    Applications accepted all year round
  • Self-Funded PhD Students Only
    Self-Funded PhD Students Only

Project Description

This position will remain open until a suitable candidate has been found.

Behavioural literature highlights that decision-making under uncertainty strays in predictable ways from traditional models based on well-known Neumann-Morgenstern utility functions. This literature also identifies macro-policy implications of uncertainty.
However when it comes to identifying true uncertainty in the real-world, few stylized-facts exist. It has been widely assumed, without proof, that expectation-diversity be a proxy for economic uncertainty.

This proposal challenges said assumption: the goal is a real-world study of expectation diversity and uncertainty. This connection is studied through a narrative approach and all its wider consequences are analyzed. Finally, these insights are integrated into current literature for policy implications.

To apply for this opportunity, please visit:

Funding Notes

There is no specific funding for this project, however, the successful candidate will be able to apply for funding offered by the Management School.

Related Subjects

FindAPhD. Copyright 2005-2019
All rights reserved.