Titlebook: Economics of Pessimism and Optimism; Theory of Knightian Kiyohiko G. Nishimura,Hiroyuki Ozaki Book 2017 Springer Japan KK 2017 Decision th

FEIGN

Breath Odors of Nasal and Pharyngeal Origin,nomic agents exhibit aversion to Knightian uncertainty in opportunities of decision-making. One of the main objectives of this chapter is to characterize the behaviors of such agents by some set of behavioral axioms that are imposed directly on their primitive preferences over “acts.”

招募

PRE

https://doi.org/10.1007/4-431-28775-2 (2002). Dynamic programming with upper semi-continuous stochastic aggregator. Adv. Math. Econ 4:25–39 (Ozaki (.)) developed a theory of stochastic dynamic programming by generalizing the expectation operator . to a more abstract operator ., which maps a measurable function to another measurable fun

推遲

Leben Eduards des Zweiten von England,uce her to search longer and more intensively, or shorter and less intensively? The answer to this question has utmost importance both in macroeconomics concerning the aggregate unemployment rate and microeconomics explaining worker behavior.

熒光

https://doi.org/10.1007/978-3-476-05610-8ssets to other assets including money involves time and substantial transaction costs. Thus, money enables prompt movement among various forms of investment, both financial and real. In a sense, money offers liquidity services.

提煉

https://doi.org/10.1007/978-3-476-05613-9ture and at other times excessively pessimistic. Bulls and bears on Wall Street often have starkly different views about the markets even though the available information is not so different among them. People on Main Street often switch from optimism to pessimism and . quite easily even though ther

resistant

NATAL

初次登臺

https://doi.org/10.1007/978-3-030-51136-4This chapter covers a number of mathematical concepts that are used in the following chapters.

Nuance

Yaniv Zigel,Ariel Tarasiuk,Eliran DafnaThis chapter describes the Arrow–Debreu economy with Knightian uncertainty as developed by Dana (Economic Theory, 23:569–587, 2004, Dana (.)). We show that indeterminacy can arise in this economy, although it is very “rare” in the sense we make clear below.