Economics of Pessimism and Optimism Theory of Knightian Uncertainty and Its Applications /

• Κύριοι συγγραφείς: Nishimura, Kiyohiko G. (Συγγραφέας), Ozaki, Hiroyuki (Συγγραφέας)
• Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
• Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Tokyo : Springer Japan : Imprint: Springer, 2017.
• Θέματα: Behavioral economics.; Economics.; Behavioral/Experimental Economics.

This is the first book to investigate the pessimistic and optimistic perceptions of the future and their economic consequences, based on sound mathematical foundations. The book focuses on fundamental uncertainty (Knightian uncertainty), where the probability distribution governing uncertainty is un...

Πίνακας περιεχομένων:

• 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.