: Based on the setting of exchangeable bets, this paper proposes a subjectivist view of numerical possibility theory. It relies on the assumption that when an agent constructs a pr...
Full revelation of private values is impractical in many large-scale markets, where posted price mechanisms are a simpler alternative. In this work, we compare the asymptotic beha...
We explicitly solve the optimal switching problem for one-dimensional diffusions by directly employing the dynamic programming principle and the excessive characterization of the ...