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on History and Philosophy of Economics |
| By: | Kim C. Border (California Institute of Technology); Paolo Ghirardato (Università da Torino); Uzi Segal (Boston College) |
| Abstract: | This note shows that if the space of events is sufficiently rich and the subjective probability function of each individual is non-atomic, then there is a sigma-algebra of events over which everyone will have the same probability function, and moreover, the range of these probabilities is the whole [0, 1] segment. |
| Date: | 2005–08–02 |
| URL: | http://d.repec.org/n?u=RePEc:boc:bocoec:616&r=hpe |
| By: | Jeremy Greenwood (University of Rochester) |
| Abstract: | A discussion of the importance for economics of Kydland and Prescott's (1982) classic "Time to Build and Aggregate Fluctuations". A report submitted to The Royal Swedish Academy of Sciences in support of the The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for Finn E. Kydland and Edward C. Prescott. |
| Keywords: | Kydland and Prescott (1982), Business Cycle Analysis, Quantitative Theory, Nobel Prize in Economics |
| JEL: | B22 C68 E13 E32 |
| Date: | 2005–07 |
| URL: | http://d.repec.org/n?u=RePEc:roc:rocher:520&r=hpe |