# Linking Behavioral Economics, Axiomatic Decision Theory and General Equilibrium Theory

@inproceedings{Wakai2002LinkingBE, title={Linking Behavioral Economics, Axiomatic Decision Theory and General Equilibrium Theory}, author={Katsutoshi Wakai}, year={2002} }

Linking Behavioral Economics, Axiomatic Decision Theory and General Equilibrium Theory

## 13 Citations

### Recursive extension of a multicommodity analysis

- Economics
- 2015

This paper presents an axiomatic model of recursive preferences, which extends the multicommodity analysis of Kihlstrom and Mirman (J Econ Theory, 8(3): 361–388, 1974) to an infinite-horizon setting.

### Recursive extension of a multicommodity analysis

- EconomicsEconomic Theory Bulletin
- 2014

This paper presents an axiomatic model of recursive preferences, which extends the multicommodity analysis of Kihlstrom and Mirman (J Econ Theory, 8(3): 361–388, 1974) to an infinite-horizon setting.

### Dynamic Consistency and Multiple Priors

- Economics
- 2003

This paper investigates properties of conditional preference if an agent ex-ante follows the multiple-priors model (Gilboa and Schmeidler, J. Math. Econ. 18 (1989) 141). The main result is that given…

### Aggregation under homogeneous ambiguity: a two-fund separation result

- Economics
- 2006

Contrary to the common prior model, the construction of a representative agent whose preferences follow the multiple-priors model (1989) requires strong restrictions on sets of priors and on an…

### A Model of Stochastic Utility Smoothing

- Economics
- 2008

In riskless intertemporal choice, experimental studies suggest that a decision maker prefers smoothing a utility distribution implied by a sequence of outcomes. This paper extends, in an axiomatic…

### A Model of Utility Smoothing

- Economics
- 2008

Experimental studies have found that a decision maker prefers spreading good and bad outcomes evenly over time. We propose, in an axiomatic framework, a new model of discount factors that captures…

### The Ambiguity Premium vs. the Risk Premium under Limited Market Participation

- Economics
- 2011

This paper considers a stock market with ambiguity-averse informed investors under the CARA-normal setting, and studies the relationship between limited market participation and the equity premium…

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Abstract This paper provides a general analysis of intertemporal utility based on the multiple-priors model of aversion to "Knightian" uncertainty. Then the existence of equilibrium is proven for a…

### Game Theory Without Partitions, and Applications to Speculation and Consensus

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Abstract Decision theory and game theory are extended to allow for information processing errors. This extended theory is then used to reexamine market speculation and consensus, both when all…

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