Biased Bayesian learning with an application to the risk-free rate puzzle

DOI10.1016/J.JEDC.2013.11.007MaRDI QIDQ1994372zbMATH OpenOpenAlexFDO

Authors Alexander Ludwig, Alexander Zimper

Publication date 1 November 2018

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

Full work available at URL https://doi.org/10.1016/j.jedc.2013.11.007

zbMATH Keywords

ambiguityBayesian learningnon-additive probability measuresrisk-free rate puzzletruncated normal distribution

Mathematics Subject Classification ID

Bayesian problems; characterization of Bayes procedures (62C10) Bayesian inference (62F15) Decision theory (91B06) Utility theory (91B16)

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Cited in

(4)

• On attitude polarization under Bayesian learning with non-additive beliefs
• Is the market price of risk infinite?
• Piecewise linear rank-dependent utility
• Piecewise additivity for non-expected utility

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