Endogenous incompleteness of financial markets: the role of ambiguity and ambiguity aversion
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Publication:1049235
DOI10.1016/j.jmateco.2009.07.004zbMath1180.91137OpenAlexW2055949267MaRDI QIDQ1049235
Publication date: 8 January 2010
Published in: Journal of Mathematical Economics (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jmateco.2009.07.004
Utility theory (91B16) Microeconomic theory (price theory and economic markets) (91B24) Actuarial science and mathematical finance (91G99)
Related Items (4)
Optimality in an OLG model with nonsmooth preferences ⋮ Ambiguity in asset pricing and portfolio choice: a review of the literature ⋮ Financial market structures revealed by pricing rules: efficient complete markets are prevalent ⋮ Monetary equilibria and Knightian uncertainty
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