[{"locked":"1","first_author":"Chudjakow, Tatjana","accept":"1","old_type":"workingpaper","author":[{"full_name":"Chudjakow, Tatjana","first_name":"Tatjana","last_name":"Chudjakow","id":"6499117"}],"_id":"2900046","date_updated":"2018-07-24T13:00:58Z","keyword":["Ambiguity","Partial Equilibrium","Heterogeneous Agents","No- Trade Interval"],"series_title":"Working Papers. Institute of Mathematical Economics.","year":"2011","place":"Bielefeld","file":[{"content_type":"application/x-download","file_id":"2900048","open_access":"1","file_size":"321407","date_created":"2015-12-11T14:39:34Z","access_level":"open_access","relation":"main_file","date_updated":"2016-03-02T09:15:33Z","creator":"weingarten","success":"1","file_name":"IMW_working_paper_444.pdf"}],"urn":"urn:nbn:de:0070-pub-29000467","language":[{"iso":"eng"}],"ddc":["330"],"citation":{"harvard1":"Chudjakow, T., 2011. *A Note on Equity Premia in Markets with Heterogeneous Agents*, Working Papers. Institute of Mathematical Economics., no.444, Bielefeld: Center for Mathematical Economics.","angewandte-chemie":"T. Chudjakow, *A Note on Equity Premia in Markets with Heterogeneous Agents*, Center For Mathematical Economics, Bielefeld, **2011**.","ieee":" T. Chudjakow, *A Note on Equity Premia in Markets with Heterogeneous Agents*, Working Papers. Institute of Mathematical Economics., vol. 444, Bielefeld: Center for Mathematical Economics, 2011.","default":"Chudjakow T (2011) Working Papers. Institute of Mathematical Economics.; 444.

Bielefeld: Center for Mathematical Economics.","mla":"Chudjakow, Tatjana. *A Note on Equity Premia in Markets with Heterogeneous Agents*. Bielefeld: Center for Mathematical Economics, 2011. Working Papers. Institute of Mathematical Economics. 444.","frontiers":"Chudjakow, T. (2011). A Note on Equity Premia in Markets with Heterogeneous Agents. *Working Papers. Institute of Mathematical Economics.*, 444, Bielefeld: Center for Mathematical Economics.","wels":"Chudjakow, T. (2011): A Note on Equity Premia in Markets with Heterogeneous Agents. Bielefeld: Center for Mathematical Economics.","ama":"Chudjakow T. *A Note on Equity Premia in Markets with Heterogeneous Agents*. Working Papers. Institute of Mathematical Economics. Vol 444. Bielefeld: Center for Mathematical Economics; 2011.","chicago":"Chudjakow, Tatjana. 2011. *A Note on Equity Premia in Markets with Heterogeneous Agents*. Vol. 444. Working Papers. Institute of Mathematical Economics. Bielefeld: Center for Mathematical Economics.

","apa_indent":"Chudjakow, T. (2011). *A Note on Equity Premia in Markets with Heterogeneous Agents* (Working Papers. Institute of Mathematical Economics., 444). Bielefeld: Center for Mathematical Economics.

","aps":" T. Chudjakow, A Note on Equity Premia in Markets with Heterogeneous Agents, Working Papers. Institute of Mathematical Economics. (Center for Mathematical Economics, Bielefeld, 2011).","lncs":" Chudjakow, T.: A Note on Equity Premia in Markets with Heterogeneous Agents. Working Papers. Institute of Mathematical Economics., 444. Center for Mathematical Economics, Bielefeld (2011).","bio1":"Chudjakow T (2011)

*A Note on Equity Premia in Markets with Heterogeneous Agents*. Working Papers. Institute of Mathematical Economics.; 444.

Bielefeld: Center for Mathematical Economics.","dgps":"Chudjakow, T. (2011). *A Note on Equity Premia in Markets with Heterogeneous Agents* (Working Papers. Institute of Mathematical Economics.). Bielefeld: Center for Mathematical Economics.

","apa":"Chudjakow, T. (2011). *A Note on Equity Premia in Markets with Heterogeneous Agents* (Working Papers. Institute of Mathematical Economics., 444). Bielefeld: Center for Mathematical Economics."},"volume":"444","status":"public","title":"A Note on Equity Premia in Markets with Heterogeneous Agents","oa":1,"publisher":"Center for Mathematical Economics","page":"19","publication_identifier":{"issn":["0931-6558"]},"creator":{"login":"weingarten","id":"89573"},"publication_status":"published","type":"working_paper","intvolume":" 444","date_created":"2015-12-11T14:42:27Z","abstract":[{"text":"We analyze a static partial equilibrium model where the agents are\r\nnot only heterogeneous in their beliefs about the return on risky assets\r\nbut also in their attitude to it. While some agents in the economy\r\nare subjective utility maximizers others behave ambiguity averse in\r\nthe sense of Knight (1921). If ambiguity averse agents meet overly\r\noptimistic subjective utility maximizers in the market lower equity\r\npremia can arise in the equilibrium than in a purely subjective utility\r\nframework.","lang":"eng"}],"department":[{"tree":[{"_id":"10053"}],"_id":"10053"}],"file_date_updated":"2016-03-02T09:15:33Z","_version":8,"edit_mode":"expert"}]