Expectations equilibria with dispersed forecasts
نویسندگان
چکیده
منابع مشابه
Ambiguity and rational expectations equilibria∗
This paper proves the existence and robustness of partially-revealing rational expectations equilibria (REE) when this equilibrium concept is expanded to allow for some agents to have preferences that display ambiguity aversion. Furthermore, the generic existence of fullyrevealing REE is proven for a commonly-used subset of the class of ambiguity averse preferences. This finding illustrates tha...
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ژورنال
عنوان ژورنال: Journal of Mathematical Analysis and Applications
سال: 1985
ISSN: 0022-247X
DOI: 10.1016/0022-247x(85)90194-5