Economics of Pessimism and Optimism

Economics of Pessimism and Optimism

Theory of Knightian Uncertainty and Its Applications

Nishimura, Kiyohiko G.; Ozaki, Hiroyuki

Springer Verlag, Japan

11/2017

326

Dura

Inglês

9784431559016

15 a 20 dias

6447

Descrição não disponível.
1 Overall Introduction.- 2 Mathematics for Reading Later Chapters.- 3 Decision-Theoretic Foundations of Knightian Uncertainty.- 4 Portfolio Inertia.- 5 Equilibrium Indeterminacy in Arrow-Debreu Economy with Knightian Uncertainty.- 6 Monetary Equilibria and Knightian Uncertainty.- 7 Dynamic Programming.- 8 Dynamic Asset Pricing.- 9 Search and Knightian Uncertainty.- 10 Irreversible Investment and Knightian Uncertainty.- 11 Liquidity Preference and Knightian Uncertainty.- 12 A Simple Characterization of Pessimism and Optimism: e-Contamination Versus e-Exuberance.- 13 Persistent Pessimism and Optimism in Forecasts: Implicit Means and Law of Iterated Integrals.- 14 Learning Under Knightian Uncertainty.- 15 Areas of Further Research.- Appendix Proofs of Lemmas and Theorems.- Index.
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Decision theory;Knightian uncertainty;Optimism;Pessimism;Uncertainty