Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10001756540
Persistent link: https://www.econbiz.de/10001947593
Persistent link: https://www.econbiz.de/10002344100
Persistent link: https://www.econbiz.de/10009373481
We introduce a new notion of rational expectations equilibrium (REE) called maximin rational expectations equilibrium (MREE), which is based on the maximin expected utility (MEU) formulation. In particular, agents maximize maximin expected utility conditioned on their own private information and...
Persistent link: https://www.econbiz.de/10009237150