Lecture

Equilibrium State Prices Determination

In course

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Description

This lecture covers the determination of equilibrium state prices in asset pricing, focusing on consumption market clearing and the unique inter-temporal budget constraint. It explains the Lagrange multiplier for the budget constraint and the state price density. The lecture also discusses equilibrium state prices determined by consumption market clearing and the inverse function of state prices. It concludes with insights on the invisible hand in market resource allocation and the utility weights in equilibrium.

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_37rr8c65

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Ontological neighbourhood

Economics

Macroeconomics: Markets, Topics in macroeconomics

Microeconomics: Financial economics, Economic systems, Utility, Game theory

Business

Finance: Investment management, Financial risk management

Information engineering

Machine learning: Reinforcement learning

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