Agreeable bets with multiple priors

DOI10.1016/J.JET.2005.01.004MaRDI QIDQ2496237zbMATH OpenOpenAlexFDO

Authors Atsushi Kajii, Takashi Ui

Publication date 12 July 2006

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

Full work available at URL https://ynu.repo.nii.ac.jp/?action=repository_uri&item_id=2028

zbMATH Keywords

agreeing and disagreeingChoquet integralconvex capacitymultiple priors

Mathematics Subject Classification ID

Probabilistic measure theory (60A10) 2-person games (91A05) Trade models (91B60)

Recommendations

• No trade and yes trade theorems for heterogeneous priors
• Agreeable trade with optimism and pessimism
• Trade with Heterogeneous Prior Beliefs and Asymmetric Information
• The incoherence of agreeing to disagree
• On the duality between prior beliefs and trading demands

Cites work

• Agreeing to disagree
• Ambiguity, uncertainty aversion and equilibrium welfare
• An Algorithm for Submodular Functions on Graphs
• Characterizing common priors in the form of posteriors
• Common priors and separation of convex sets
• Conditional expectation for monotone measures, the discrete case
• Discrete Convex Analysis
• Discrete convex analysis
• Do sunspots matter when agents are Choquet-expected-utility maximizers?
• Maxmin expected utility with non-unique prior
• Optimal risk-sharing rules and equilibria with Choquet-expected-utility.
• Sharing beliefs and the absence of betting in the Choquet expected utility model
• Sharing Beliefs: Between Agreeing and Disagreeing
• Subjective Probability and Expected Utility without Additivity

Cited in

(19)

• Bargaining over bets
• Risk sharing in the small and in the large
• Financial complexity and trade
• On the duality between prior beliefs and trading demands
• On equilibria when agents have multiple priors
• When does ambiguity fade away?
• Credit market segmentation, essentiality of commodities, and supermodularity
• Hierarchies of ambiguous beliefs
• Ambiguity and the Bayesian paradigm
• Trade with Heterogeneous Prior Beliefs and Asymmetric Information
• No-betting-Pareto dominance
• Optimal risk-sharing under mutually singular beliefs
• Equilibria under Knightian price uncertainty
• Efficient allocations under ambiguity
• A test of (weak) certainty independence
• Overlapping risk adjusted sets of priors and the existence of efficient allocations and equilibria with short-selling
• Optimal Risk Sharing for Maxmin Choquet Expected Utility Model
• Agreeable trade with optimism and pessimism
• Participation in risk sharing under ambiguity

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