Induced uncertainty, market price of risk, and the dynamics of consumption and wealth

DOI10.1016/J.JET.2016.01.003zbMath1369.91128OpenAlexW1888651055MaRDI QIDQ281331

Eric R. Young, Yulei Luo

Publication date: 11 May 2016

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://mpra.ub.uni-muenchen.de/57111/1/MPRA_paper_57111.pdf

zbMATH Keywords

consumption and income volatilityinduced uncertaintymarket prices of uncertaintyoptimal inattentionrobust control and filtering

Mathematics Subject Classification ID

Decision theory (91B06) Sensitivity (robustness) (93B35) Economic growth models (91B62)

Related Items (4)

Elastic attention, risk sharing, and international comovements ⋮ Optimal attention and heterogeneous precautionary saving behavior ⋮ Ambiguity, information processing, and financial intermediation ⋮ Ignorance, pervasive uncertainty, and household finance

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