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such a heuristic, and the conditions under which bad heuristics are sustainable. We also discuss this heuristic and the … beauty premium in the context of Becker's economic theory of discrimination, wherein rational decision-makers trade …
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such a heuristic, and the conditions under which bad heuristics are sustainable. We also discuss this heuristic and the … beauty premium in the context of Becker's economic theory of discrimination, wherein rational decision-makers trade …
Persistent link: https://www.econbiz.de/10012534387
We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...
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