Robust permanent income and pricing
Article Abstract:
An examination is presented on savings and consumption models and their relationship to security market prices. It is posited that concerns regarding small specification errors can lead to large market-based levels of risk aversion.
Publication Name: Review of Economic Studies
Subject: Economics
ISSN: 0034-6527
Year: 1999
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Optimal guessing: choice in complex environments
Article Abstract:
The findings of boundedly rational learning in i.i.d settings are applied in more complex decision problems along with new axioms to yield asymptotical utility maximization.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2005
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Introduction to model uncertainty and robustness
Article Abstract:
Implications of a model uncertainty and robustness are analyzed.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2006
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