The demand for assets as prices and initial wealth vary identifies beliefs and attitudes towards risk. We derive conditions that guarantee identification with no knowledge either of the cardinal utility index or of the distribution of future endowments or payoffs of assets; the argument applies even if the asset market is incomplete and demand is observed only locally
Individuals behave differently when they know the objective probability of events and when they do n...
[[abstract]]The paper addresses the influence on asset prices of agents’ disagreement regarding asse...
We show how bounds around preferences parameters can be estimated under various levels of assumption...
The demand for assets as prices and initial wealth vary identifies beliefs and attitudes towards ris...
The competitive equilibrium correspondence, which associates equilibrium prices of commodities and a...
The competitive equilibrium correspondence, which associates equilibrium prices of commodities and a...
The competitive equilibrium correspondence, which associates equilibrium prices of commodities and a...
Why do risk premia vary over time? We examine this problem theoretically and empirically by studying...
We explore implications of the failure of the individual to behave in accordance with the prediction...
This paper shows that belief differences have strong effects on asset prices in consumption-based as...
This paper analyzes how asset prices in a binary market react to information when traders have heter...
The endowment effect occurs when people assign a higher value to an item they own than to the same i...
The beliefs of economic actors play an important role in determining equilibrium outcomes. In this d...
Abstract: This work presents a theoretical and empirical evaluation of the role of market belief in ...
We present a decision theoretic framework with agents that are learning about the behavior of market...
Individuals behave differently when they know the objective probability of events and when they do n...
[[abstract]]The paper addresses the influence on asset prices of agents’ disagreement regarding asse...
We show how bounds around preferences parameters can be estimated under various levels of assumption...
The demand for assets as prices and initial wealth vary identifies beliefs and attitudes towards ris...
The competitive equilibrium correspondence, which associates equilibrium prices of commodities and a...
The competitive equilibrium correspondence, which associates equilibrium prices of commodities and a...
The competitive equilibrium correspondence, which associates equilibrium prices of commodities and a...
Why do risk premia vary over time? We examine this problem theoretically and empirically by studying...
We explore implications of the failure of the individual to behave in accordance with the prediction...
This paper shows that belief differences have strong effects on asset prices in consumption-based as...
This paper analyzes how asset prices in a binary market react to information when traders have heter...
The endowment effect occurs when people assign a higher value to an item they own than to the same i...
The beliefs of economic actors play an important role in determining equilibrium outcomes. In this d...
Abstract: This work presents a theoretical and empirical evaluation of the role of market belief in ...
We present a decision theoretic framework with agents that are learning about the behavior of market...
Individuals behave differently when they know the objective probability of events and when they do n...
[[abstract]]The paper addresses the influence on asset prices of agents’ disagreement regarding asse...
We show how bounds around preferences parameters can be estimated under various levels of assumption...
DOI
Add to ORKG