=+i. True or False: If individuals have different beliefs about the underlying probabilities of different states occurring,
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=+i. True or False: If individuals have different beliefs about the underlying probabilities of different states occurring, then there may be gains from state-contingent consumption trades that would not arise if individuals agreed on the underlying probabilities.
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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