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Behavioral biases and representative agent.
Jouini, Elyès; Napp, Clotilde - Université Paris-Dauphine
precisely, starting from a standard model with expected utility maximizers and exponential discounting, but allowing for …
Persistent link: https://www.econbiz.de/10009145292
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Behavioral Properties of the Representative Agent.
Jouini, Elyès; Napp, Clotilde - Université Paris-Dauphine - 2011
heterogeneous enough. More precisely, starting from a standard model of Pareto optimal allocations, with expected utility maximizers …
Persistent link: https://www.econbiz.de/10009195337