Do sunspots matter when agents are Choquet-expected-utility maximizers?

DOI10.1016/S0165-1889(97)00063-8zbMath0920.90012OpenAlexW2078076104MaRDI QIDQ1128525

Jean-Marc Tallon

Publication date: 13 August 1998

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0165-1889(97)00063-8

zbMATH Keywords

optimismpessimismsunspotChoquet-expected-utility

Mathematics Subject Classification ID

General equilibrium theory (91B50) Consumer behavior, demand theory (91B42)

Related Items (8)

Non-implementability of Arrow-Debreu equilibria by continuous trading under volatility uncertainty ⋮ A new approach to the rational expectations equilibrium: existence, optimality and incentive compatibility ⋮ Ambiguity aversion and trade ⋮ Interim efficiency with MEU-preferences ⋮ Agreeable bets with multiple priors ⋮ BILATERAL RISK SHARING WITH HETEROGENEOUS BELIEFS AND EXPOSURE CONSTRAINTS ⋮ Optimal risk-sharing rules and equilibria with Choquet-expected-utility. ⋮ Monetary equilibria and Knightian uncertainty

Cites Work

• Extrinsic uncertainty revisited
• Under stochastic dominance Choquet-expected utility and anticipated utility are identical
• On the use of capacities in modeling uncertainty aversion and risk aversion
• Indivisibilities, lotteries, and sunspot equilibria
• Additive representations of non-additive measures and the Choquet integral
• Characterizing optimism amd pessimism directly through comonotonicity
• Subjective Probability and Expected Utility without Additivity
• A Simple Axiomatization of Nonadditive Expected Utility
• Intertemporal Asset Pricing under Knightian Uncertainty
• The Dual Theory of Choice under Risk
• Economies with a Finite Set of Equilibria
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