Are you an EPFL student looking for a semester project?
Work with us on data science and visualisation projects, and deploy your project as an app on top of Graph Search.
Lecture
Are you an EPFL student looking for a semester project?
Work with us on data science and visualisation projects, and deploy your project as an app on top of Graph Search.
This lecture covers the concept of Pareto efficiency, social welfare functions, and optimization problems in asset pricing. It discusses the conditions for Pareto optimality, the role of social planners, and the implications of complete and incomplete markets on equilibrium allocations. The lecture also explores representative agent models, linear risk tolerance, and the relationship between market equilibriums and Pareto optimal allocations.