Approximate Solutions of Walrasian Equilibrium Inequalities with Bounded Marginal Utilities of Income

Recently Cherchye et al. (2011 ) reformulated the Walrasian equilibrium inequalities, introduced by Brown and Matzkin (1996 ), as an integer programming problem and proved that solving the Walrasian equilibrium inequalities is NP-hard. Brown and Shannon (

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Donald J. Brown

Affective Decision Making Under Uncertainty Risk, Ambiguity and Black Swans

Lecture Notes in Economics and Mathematical Systems Volume 691

Founding Editors M. Beckmann, Heidelberg, Germany H. P. Künzi, Heidelberg, Germany Editors-in-Chief Günter Fandel, Faculty of Economics, University of Hagen, Hagen, Germany Walter Trockel, Murat Sertel Institute for Advanced Economic Research, Istanbul Bilgi University, Istanbul, Turkey; Institute of Mathematical Economics (IMW), Bielefeld University, Bielefeld, Germany Series Editors Herbert Dawid, Department of Business Administration and Economics, Bielefeld University, Bielefeld, Germany Dinko Dimitrov, Chair of Economic Theory, Saarland University, Saarbrücken, Germany Anke Gerber, Department of Business and Economics, University of Hamburg, Hamburg, Germany Claus-Jochen Haake, Fakultät für Wirtschaftswissenschaften, Universität Paderborn, Paderborn, Germany Christian Hofmann, München, Germany Thomas Pfeiffer, Betriebswirtschaftliches Zentrum, Universität Wien, Wien, Austria Roman Slowiński, Institute of Computing Science, Poznan University of Technology, Poznan, Poland W. H. M. Zijm, Department of Behavioural, Management and Social Sciences, University of Twente, Enschede, The Netherlands

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Donald J. Brown

Affective Decision Making Under Uncertainty Risk, Ambiguity and Black Swans

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Donald J. Brown Emeritus Yale Professor of Economics Yale University New Haven, CT, USA

ISSN 0075-8442 ISSN 2196-9957 (electronic) Lecture Notes in Economics and Mathematical Systems ISBN 978-3-030-59511-1 ISBN 978-3-030-59512-8 (eBook) https://doi.org/10.1007/978-3-030-59512-8 © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known o