Zobrazeno 1 - 10
of 84
pro vyhledávání: '"David M. Kreps"'
Autor:
Walter Schachermayer, David M. Kreps
Publikováno v:
Mathematical Finance
We examine Kreps' conjecture that optimal expected utility in the classic Black–Scholes–Merton (BSM) economy is the limit of optimal expected utility for a sequence of discrete‐time economies that “approach” the BSM economy in a natural sen
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5bd0aea96b8e87ec7566186f07616c6a
http://europepmc.org/articles/PMC7540176
http://europepmc.org/articles/PMC7540176
Autor:
Alberto Piazza, Robert D. Putnam, Paolo Menozzi, E.J.W. Barber, Stephen W. Hawking, Richard Wollheim, James D. Hamilton, Carol J. Clover, Luigi Luca Cavalli-Sforza, Robert Leonardi, Roger Penrose, Robert Gilpin, Sidney Verba, David M. Kreps, Rafaella Y. Nanetti, Robert O. Keohane, Gary King, P.J.E. Peebles
Publikováno v:
A Century in Books
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::932fd22b2a0330de6dc7cc888802928c
https://doi.org/10.2307/j.ctv1wmz43x.17
https://doi.org/10.2307/j.ctv1wmz43x.17
Autor:
Walter Schachermayer, David M. Kreps
We examine the connection between discrete‐time models of financial markets and the celebrated Black–Scholes–Merton (BSM) continuous‐time model in which “markets are complete.” Suppose that (a) the probability law of a sequence of discret
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5db840e8abd5ec471079e2bc64f55023
https://phaidra.univie.ac.at/o:1612062
https://phaidra.univie.ac.at/o:1612062
Autor:
David M. Kreps
Publikováno v:
A Course in Microeconomic Theory
This chapter focuses on the analysis and “solution” of noncooperative games. Any predictions one makes about how a game will be played must depend on the characteristics of the individuals playing the game. The theories that the chapter presents
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::72fce48aa6849913032cf96337f3b00a
https://doi.org/10.23943/princeton/9780691202754.003.0012
https://doi.org/10.23943/princeton/9780691202754.003.0012
Autor:
David M. Kreps
Publikováno v:
A Course in Microeconomic Theory
This chapter reviews the concepts of cooperation and reputation. It begins by looking at the game called the prisoners' dilemma. The basic structure of options and payoffs that characterize this game occur over and over in economics. In this basic st
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e83f9585fab5658e3d4f37958389fdee
https://doi.org/10.23943/princeton/9780691202754.003.0014
https://doi.org/10.23943/princeton/9780691202754.003.0014
Autor:
David M. Kreps
Publikováno v:
A Course in Microeconomic Theory
This chapter focuses on situations of pure exchange, where consumers wish to exchange bundles of goods they hold at the outset for other bundles they will subsequently consume. It uses this setting to introduce the theory of price-mediated market tra
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b10c928b60a7c393db14a2937b26f8f8
https://doi.org/10.23943/princeton/9780691202754.003.0006
https://doi.org/10.23943/princeton/9780691202754.003.0006
Autor:
David M. Kreps
This chapter explores models of imperfect competition. Firms in these models have rivals, and the actions of their rivals affect how well they do. But at the same time, firms are not price takers; when they optimize, they take into account how their
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a3dd22016c40b31d8d0aa940228c90d5
https://doi.org/10.23943/princeton/9780691202754.003.0010
https://doi.org/10.23943/princeton/9780691202754.003.0010
Autor:
David M. Kreps
Publikováno v:
A Course in Microeconomic Theory
This chapter examines how many important consumption decisions concern choices, the consequences of which are uncertain at the time the choice is made. It begins with the theory of von Neumann–Morgenstern expected utility. In this theory, uncertain
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f87a54507906349831c9ae985548d4f9
https://doi.org/10.23943/princeton/9780691202754.003.0003
https://doi.org/10.23943/princeton/9780691202754.003.0003
Autor:
David M. Kreps
Publikováno v:
A Course in Microeconomic Theory
This chapter investigates problems of adverse selection. In problems of adverse selection, one party to a transaction knows things pertaining to the transaction that are relevant to but unknown by the second party. Here a classic example is life insu
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::3e0be1d2d0909bf3ff2f464d776e86a6
https://doi.org/10.23943/princeton/9780691202754.003.0017
https://doi.org/10.23943/princeton/9780691202754.003.0017
Autor:
David M. Kreps
Publikováno v:
A Course in Microeconomic Theory
This chapter discusses the theory of consumer choice and demand. It focuses on the behavior of an individual, called the consumer, who is faced with the problem of choosing from among a set of objects. The chapter considers how choice behavior might
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::2bd98c8bd4a5e02bbe7c39923fdc98d6
https://doi.org/10.23943/princeton/9780691202754.003.0002
https://doi.org/10.23943/princeton/9780691202754.003.0002