A Bayesian Model of Knightian Uncertainty
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More about this item
KeywordsKnightian uncertainty; consumption smoothing; uncertainty premium; rational expectations;
- A10 - General Economics and Teaching - - General Economics - - - General
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-28 (All new papers)
- NEP-MIC-2013-07-28 (Microeconomics)
- NEP-UPT-2013-07-28 (Utility Models & Prospect Theory)
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