An expository note on individual risk without aggregate uncertainty
From MaRDI portal
Publication:759623
DOI10.1016/0022-0531(85)90060-2zbMath0553.90022OpenAlexW1976648402MaRDI QIDQ759623
Mark Feldman, Christian Gilles
Publication date: 1985
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0022-0531(85)90060-2
Related Items (74)
Foundation of competitive equilibrium with non-transferable utility ⋮ The generalized random priority mechanism with budgets ⋮ Approximate equilibrium in pure strategies for non-atomic games ⋮ On the arbitrage pricing theory ⋮ Incomplete markets and individual risks ⋮ Aggregation and the law of large numbers in large economies ⋮ Membership in citizen groups ⋮ Dynamic price formation in a futures market via double auctions ⋮ Some dynamics of a strategic market game with a large number of agents ⋮ The effect of better information on income inequality ⋮ The limits of meritocracy ⋮ Models of information aggregation in financial markets: a review ⋮ Anonymous sequential games: Existence and characterization of equilibria ⋮ Implications of more precise information for technological development and economic welfare ⋮ Incomplete markets and derivative assets ⋮ Community enforcement when players observe partners' past play ⋮ Anonymous sequential games ⋮ Diversification and equilibrium in securities markets ⋮ A strategic market game with secured lending ⋮ Learning from others: A welfare analysis ⋮ Demographic structure and capital accumulation ⋮ Insurance markets and unisex tariffs: is the European Court of Justice improving or destroying welfare? ⋮ Stochastic graphon games. II: The linear-quadratic case ⋮ On aggregation of information in competitive markets: The dynamic case ⋮ Multi-period information markets ⋮ Deposit insurance and the coexistence of commercial and shadow banks ⋮ Exact arbitrage, well-diversified portfolios and asset pricing in large markets. ⋮ The exact law of large numbers for independent random matching ⋮ Inertia in social learning from a summary statistic ⋮ Asymptotic interpretations for equilibria of nonatomic games ⋮ Dynamic directed random matching ⋮ A dual characterization of incentive efficiency. ⋮ Modeling large societies: why countable additivity is necessary ⋮ A general equilibrium model of statistical discrimination. ⋮ Inflationary equilibrium in a stochastic economy with independent agents ⋮ Nash equilibrium and the law of large numbers ⋮ A note on the absurd law of large numbers in economics ⋮ Unfolding social hierarchies ⋮ A model of random matching ⋮ An abstract law of large numbers ⋮ Large games and the law of large numbers ⋮ Irreversibility, uncertainty and growth ⋮ Retained earnings dynamic, internal promotions and Walrasian equilibrium ⋮ Introduction: Symposium on evolutionary game theory ⋮ Laws of large numbers for dynamical systems with randomly matched individuals ⋮ Trees and extensive forms ⋮ Investments in education and welfare in a two-sector, random matching economy ⋮ Improvement in information and private investment in education ⋮ Public versus private risk sharing ⋮ On the observational equivalence of random matching ⋮ The exact law of large numbers via Fubini extension and characterization of insurable risks ⋮ Stock-flow matching ⋮ Competitive equilibria of economies with a continuum of consumers and aggregate shocks ⋮ Imitation in heterogeneous populations ⋮ Utilitarian mechanism design for an excludable public good ⋮ Asymptotic arbitrage and the APT with or without measure-theoretic structures. ⋮ Rationalizable foresight dynamics ⋮ On existence of rich Fubini extensions ⋮ Individual risk and Lebesgue extension without aggregate uncertainty ⋮ Bounds on mincut for Cayley graphs over Abelian groups ⋮ Anonymous sequential games with aggregate uncertainty ⋮ Recursive equilibrium in Krusell and Smith (1998) ⋮ Information, capital, and organization ⋮ Bayesian learning with variable prior ⋮ Equilibrium with signal extraction from endogenous variables ⋮ The decomposition of risk in denumerable populations with ex ante identical individuals ⋮ Money with idiosyncratic uninsurable returns to capital ⋮ Incentive-compatibility in large games ⋮ Dynamical systems with a continuum of randomly matched agents ⋮ A theory of hyperfinite processes: The complete removal of individual uncertainty via exact LLN ⋮ A Bayesian nonatomic game and its applicability to finite-player situations ⋮ A strategic market game with active bankruptcy ⋮ On the evolution of attitudes towards risk in winner-take-all 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
- The core-Walras equivalence
- F.O.B. pricing versus uniform delivered pricing: A welfare analysis in a stochastic environment
- The law of large numbers with a continuum of i.i.d. random variables
- The existence of rational expectations equilibria in a large economy with noisy price observations
- Finitely additive exchange economies
- Bank Runs, Deposit Insurance, and Liquidity
This page was built for publication: An expository note on individual risk without aggregate uncertainty