Robust permanent income and pricing

Article Abstract:

An examination is presented on savings and consumption models and their relationship to security market prices. It is posited that concerns regarding small specification errors can lead to large market-based levels of risk aversion.

Statistical Data Included, Research, Models, Prices and rates, Risk (Economics), Securities, Securities prices, Consumption (Economics), Savings

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Optimal guessing: choice in complex environments

Article Abstract:

The findings of boundedly rational learning in i.i.d settings are applied in more complex decision problems along with new axioms to yield asymptotical utility maximization.

Asymptotic expansions, Axioms

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Introduction to model uncertainty and robustness

Article Abstract:

Implications of a model uncertainty and robustness are analyzed.

Forecasts, trends, outlooks, Forecasts and trends, Market trend/market analysis, Robust statistics, Robustness (Statistics), Econometric models

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