Do sunspots matter when agents are Choquet-expected-utility maximizers?

DOI10.1016/S0165-1889(97)00063-8MaRDI QIDQ1128525zbMATH OpenOpenAlexFDO

Authors Jean-Marc Tallon

Publication date 13 August 1998

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0165-1889(97)00063-8

zbMATH Keywords

Choquet-expected-utilityoptimismpessimismsunspot

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) General equilibrium theory (91B50)

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Cites work

• A Simple Axiomatization of Nonadditive Expected Utility
• Additive representations of non-additive measures and the Choquet integral
• Characterizing optimism amd pessimism directly through comonotonicity
• Economies with a Finite Set of Equilibria
• Extrinsic uncertainty revisited
• scientific article; zbMATH DE number 41674 (Why is no real title available?)
• scientific article; zbMATH DE number 1154012 (Why is no real title available?)
• Indivisibilities, lotteries, and sunspot equilibria
• Intertemporal Asset Pricing under Knightian Uncertainty
• On the use of capacities in modeling uncertainty aversion and risk aversion
• Subjective Probability and Expected Utility without Additivity
• The Dual Theory of Choice under Risk
• Under stochastic dominance Choquet-expected utility and anticipated utility are identical

Cited in

(8)

• Optimal risk-sharing rules and equilibria with Choquet-expected-utility.
• Non-implementability of Arrow-Debreu equilibria by continuous trading under volatility uncertainty
• Interim efficiency with MEU-preferences
• A new approach to the rational expectations equilibrium: existence, optimality and incentive compatibility
• Monetary equilibria and Knightian uncertainty
• Agreeable bets with multiple priors
• Bilateral risk sharing with heterogeneous beliefs and exposure constraints
• Ambiguity aversion and trade

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