The exact law of large numbers via Fubini extension and characterization of insurable risks
From MaRDI portal
Publication:2490122
DOI10.1016/j.jet.2004.10.005zbMath1108.60025MaRDI QIDQ2490122
Publication date: 28 April 2006
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jet.2004.10.005
Fubini extension; Exact law of large numbers; Insurable risks; Pareto optimality and equilibrium; Rich product probability space; Uncorrelatedness and independence
Related Items
On existence of rich Fubini extensions, Existence, incentive compatibility and efficiency of the rational expectations equilibrium, Information percolation in segmented markets, The exact law of large numbers for independent random matching, Independent random matching, Purification, saturation and the exact law of large numbers, A note on the absurd law of large numbers in economics, Investments in education and welfare in a two-sector, random matching economy, Ex ante efficiency implies incentive compatibility, Monte Carlo simulation of macroeconomic risk with a continuum of agents: the general case, Large games and the law of large numbers, The relative contributions of private information sharing and public information releases to information aggregation, Utilitarian mechanism design for an excludable public good, Individual risk and Lebesgue extension without aggregate uncertainty, Purification and roulette wheels, Pareto-undominated and socially-maximal equilibria in non-atomic games, Differential information in large games with strategic complementarities, Perfect competition in asymmetric information economies: compatibility of efficiency and incentives, A bargaining model in general equilibrium, Large games with a bio-social typology, Rationalizability in large games, Core, equilibria and incentives in large asymmetric information economies, Existence of independent random matching, The essential equivalence of pairwise and mutual conditional independence
Cites Work
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- An expository note on individual risk without aggregate uncertainty
- The law of large numbers with a continuum of i.i.d. random variables
- A note on the space of preference relations
- A non-standard representation for Brownian motion and Ito integration
- The almost equivalence of pairwise and mutual independence and the duality with exchangeability
- Weak measurability and characterizations of risk
- Non-cooperative games on hyperfinite Loeb spaces
- A theory of hyperfinite processes: The complete removal of individual uncertainty via exact LLN
- Monte Carlo simulation of macroeconomic risk with a continuum of agents: the symmetric case
- The complete removal of individual uncertainty: Multiple optimal choices and random exchange economies
- Aggregation and the law of large numbers in large economies
- Infinite dimensional analysis. A hitchhiker's guide
- A law of large numbers for large economies
- Adapted Probability Distributions
- Conversion from Nonstandard to Standard Measure Spaces and Applications in Probability Theory
- Foundations of Modern Probability
- A METRIC ON PROBABILITIES, AND PRODUCTS OF LOEB SPACES
- Hyperfinite Law of Large Numbers
- Markets with a Continuum of Traders
- Pareto Optimality for a Measure Space of Economic Agents
