The exact law of large numbers via Fubini extension and characterization of insurable risks
From MaRDI portal
Publication:2490122
DOI10.1016/j.jet.2004.10.005zbMath1108.60025OpenAlexW2047744180MaRDI QIDQ2490122
Publication date: 28 April 2006
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jet.2004.10.005
Fubini extensionExact law of large numbersInsurable risksPareto optimality and equilibriumRich product probability spaceUncorrelatedness and independence
Lua error in Module:PublicationMSCList at line 37: attempt to index local 'msc_result' (a nil value).
Related Items (66)
On the optimality of monetary trading ⋮ Monte Carlo sampling processes and incentive compatible allocations in large economies ⋮ The generalized random priority mechanism with budgets ⋮ Large strategic dynamic interactions ⋮ Finite state graphon games with applications to epidemics ⋮ Perfect competition in asymmetric information economies: compatibility of efficiency and incentives ⋮ The limits of meritocracy ⋮ Robust perfect equilibrium in large games ⋮ Existence and uniqueness of a steady state for an OTC market with several assets ⋮ Conditional exact law of large numbers and asymmetric information economies with aggregate uncertainty ⋮ Stochastic Graphon Games: I. The Static Case ⋮ Equilibria and incentives in private information economies ⋮ Existence, incentive compatibility and efficiency of the rational expectations equilibrium ⋮ Rational inattention and the dynamics of consumption and wealth in general equilibrium ⋮ Performance pay, trade and inequality ⋮ Stochastic graphon games. II: The linear-quadratic case ⋮ Independent random partial matching with general types ⋮ On the converse law of large numbers ⋮ Markov distributional equilibrium dynamics in games with complementarities and no aggregate risk ⋮ Information percolation in segmented markets ⋮ Monotone equilibria in nonatomic supermodular games. A comment ⋮ Reprint of: ``Information percolation in segmented markets ⋮ A Mean Field Competition ⋮ Global manipulation by local obfuscation ⋮ Optimal investment in a large population of competitive and heterogeneous agents ⋮ The exact law of large numbers for independent random matching ⋮ Independent random matching ⋮ Optimal Scheduling of Entropy Regularizer for Continuous-Time Linear-Quadratic Reinforcement Learning ⋮ Liquidity Based Modeling of Asset Price Bubbles via Random Matching ⋮ A bargaining model in general equilibrium ⋮ Dynamic directed random matching ⋮ A Mean Field Game of Optimal Stopping ⋮ Targeted disclosure and monetary policy flexibility: a simple model ⋮ Purification, saturation and the exact law of large numbers ⋮ The individualistic foundation of equilibrium distribution ⋮ Modeling large societies: why countable additivity is necessary ⋮ The one-way Fubini property and conditional independence: an equivalence result ⋮ Large games with a bio-social typology ⋮ Rationalizability in large games ⋮ Ex ante efficiency implies incentive compatibility ⋮ EFFORT EXPENDITURE FOR CASH FLOW IN A MEAN-FIELD EQUILIBRIUM ⋮ Monte Carlo simulation of macroeconomic risk with a continuum of agents: the general case ⋮ A note on the absurd law of large numbers in economics ⋮ Learning, convergence and economic constraints ⋮ Core, equilibria and incentives in large asymmetric information economies ⋮ Teamwise mean field competitions ⋮ Steady states in matching and bargaining ⋮ Existence of independent random matching ⋮ Large games and the law of large numbers ⋮ Analysis of Markovian competitive situations using nonatomic games ⋮ Incentive compatible self-fulfilling mechanisms and rational expectations ⋮ Investments in education and welfare in a two-sector, random matching economy ⋮ The informational content of prices when policy makers react to financial markets ⋮ Purification and roulette wheels ⋮ The essential equivalence of pairwise and mutual conditional independence ⋮ The relative contributions of private information sharing and public information releases to information aggregation ⋮ Imitation in heterogeneous populations ⋮ Utilitarian mechanism design for an excludable public good ⋮ On existence of rich Fubini extensions ⋮ Individual risk and Lebesgue extension without aggregate uncertainty ⋮ Recursive equilibrium in Krusell and Smith (1998) ⋮ Matching While Learning ⋮ Verifiability and group formation in markets ⋮ A Bayesian nonatomic game and its applicability to finite-player situations ⋮ Pareto-undominated and socially-maximal equilibria in non-atomic games ⋮ Differential information in large games with strategic complementarities
Cites Work
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- An expository note on individual risk without aggregate uncertainty
- The law of large numbers with a continuum of i.i.d. random variables
- A note on the space of preference relations
- A non-standard representation for Brownian motion and Ito integration
- The almost equivalence of pairwise and mutual independence and the duality with exchangeability
- Weak measurability and characterizations of risk
- Non-cooperative games on hyperfinite Loeb spaces
- A theory of hyperfinite processes: The complete removal of individual uncertainty via exact LLN
- Monte Carlo simulation of macroeconomic risk with a continuum of agents: the symmetric case
- The complete removal of individual uncertainty: Multiple optimal choices and random exchange economies
- Aggregation and the law of large numbers in large economies
- Infinite dimensional analysis. A hitchhiker's guide
- A law of large numbers for large economies
- Adapted Probability Distributions
- Conversion from Nonstandard to Standard Measure Spaces and Applications in Probability Theory
- Foundations of Modern Probability
- A METRIC ON PROBABILITIES, AND PRODUCTS OF LOEB SPACES
- Hyperfinite Law of Large Numbers
- Markets with a Continuum of Traders
- Pareto Optimality for a Measure Space of Economic Agents
This page was built for publication: The exact law of large numbers via Fubini extension and characterization of insurable risks