Intertemporal Asset Pricing under Knightian Uncertainty
- 1 March 1994
- journal article
- research article
- Published by JSTOR in Econometrica
- Vol. 62 (2) , 283-322
- https://doi.org/10.2307/2951614
Abstract
In conformity with the Savage model of decision-making, modern asset pricing theory assumes that agents' beliefs about the likelihoods of future states of t...Keywords
This publication has 1 reference indexed in Scilit:
- Retrospectives: Animal SpiritsJournal of Economic Perspectives, 1991