Search for tag: "belief system"

20190716_SCT_Jimena Canales

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From  Carla Liesching on July 23rd, 2019 11 plays

CAM Colloquium - David Easley: Wealth Dynamics and Pareto Optimality in Complete and Incomplete Markets

In a complete markets economy with heterogeneous consumers whether consumers vanish or survive is determined entirely by discount factors and beliefs. All else equal, the (complete) market selects…

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From  E. Cornelius on May 15th, 2018 6 plays