Uncertainty in economic theory : essays in honor of David Schmeidler's 65th birthday / edited by Itzhak Gilboa.

Format:

Book

Contributor:

Schmeidler, David, 1939-2022.

Gilboa, Itzhak.

Series:

Routledge frontiers of political economy ; 63.

Routledge frontiers of political economy ; 63

Language:

English

Subjects (All):

Uncertainty--Mathematical models.

Decision making--Mathematical models.

Risk management--Mathematical models.

Choice (Psychology)--Mathematical models.

Choice (Psychology).

Genre:

Festschriften.

Physical Description:

xiv, 558 pages : illustrations ; 24 cm.

Place of Publication:

London ; New York : Routledge, 2004.

Contents:

Part I Theory 1

2 Preference axiomatizations for decision under uncertainty / Peter P. Wakker 20

3 Defining ambiguity and ambiguity attitude / Paolo Ghirardato 36

4 Introduction to the mathematics of ambiguity / Massimo Marinacci, Luigi Montrucchio 46

5 Subjective probability and expected utility without additivity / David Schmeidler 108

6 Maxmin expected utility with non-unique prior / Itzhak Gilboa, David Schmeidler 125

7 A simple axiomatization of nonadditive expected utility / Rakesh Sarin, Peter P. Wakker 136

8 Updating ambiguous beliefs / Itzhak Gilboa, David Schmeidler 155

9 A definition of uncertainty aversion / Larry G. Epstein 171

10 Ambiguity made precise: a comparative foundation / Paolo Ghirardato, Massimo Marinacci 209

11 Stochastically independent randomization and uncertainty aversion / Peter Klibanoff 244

12 Decomposition and representation of coalitional games / Massimo Marinacci 261

Part II Applications 281

13 An overview of economic applications of David Schmeidler's models of decision making under uncertainty / Sujoy Mukerji, Jean-Marc Tallon 283

14 Ambiguity aversion and incompleteness of contractual form / Sujoy Mukerji 303

15 Ambiguity aversion and incompleteness of financial markets / Sujoy Mukerji, Jean-Marc Tallon 336

16 A quartet of semigroups for model specification, robustness, prices of risk, and model detection / Evan W. Anderson, Lars Peter Hansen, Thomas J. Sargent 364

17 Uncertainty aversion, risk aversion, and the optimal choice of portfolio / James Dow, Sergio Ribeiro Da Costa Werlang 419

18 Intertemporal asset pricing under Knightian uncertainty / Larry G. Epstein, Tan Wang 429

19 Sharing beliefs: between agreeing and disagreeing / Antoine Billot, Alain Chateauneuf, Itzhak Gilboa, Jean-Marc Tallon 472

20 Equilibrium in beliefs under uncertainty / Kin Chung Lo 483

21 The right to remain silent / Joseph Greenberg 522

22 On the measurement of inequality under uncertainty / Elchanan Ben-Porath, Itzhak Gilboa, David Schmeidler 531.

Notes:

Includes bibliographical references and index.

ISBN:

0415324947

OCLC:

54356725