A law of large numbers in the theory of consumer's choice under uncertainty
From MaRDI portal
Publication:1233388
DOI10.1016/0022-0531(76)90074-0zbMath0345.90006OpenAlexW1973759157MaRDI QIDQ1233388
Publication date: 1976
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0022-0531(76)90074-0
Decision theory (91B06) Trade models (91B60) Mathematical economics (91B99) Mathematical programming (90C99) Hamilton-Jacobi theories (49L99)
Related Items
Optimal principal agent contracts for a class of incentive schemes: A characterization and the rate of approach to efficiency, Repeated principal-agent relationships with lending and borrowing, A simple model of optimum life-cycle consumption with earnings uncertainty, Optimal consumption, the interest rate and wage uncertainty, Capital accumulation and the optimization of renewable resource models, Short-term contracts and long-term agency relationships, Bankruptcy and expected utility maximization, On income fluctuations and capital gains with a convex production function, Bankruptcy and expected utility maximization, Random earnings differences, lifetime liquidity constraints, and altruistic intergenerational transfers, Permanent and transitory income effects in a model of optimal consumption with wage income uncertainty, The life-cycle model of saving with uncertain lifetime and borrowing constraint; characterization and sensitivity analysis, An income fluctuation problem, The permanent income hypothesis: A theoretical formulation, Income fluctuation and asymmetric information: An example of a repeated principal-agent problem, Intertemporal borrowing to sustain exogenous consumption standards under uncertainty
Cites Work
