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Lucas Tree model

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Apr 5, 2017
37:34

Course website: https://sites.google.com/view/aaaacademy/asset-pricing Dynamic Stochastic environment (Infinite horizon) 0:00 Utility function 4:47 Utility maximization 6:31 Lagrangian and FOC 12:53 Equilibrium prices derived 15:05 One-period-ahead prices derived 21:36 Stationary case (2-state case) 26:45 Stationary case (N-state case) 32:36

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