David Kreps

All Publications

• Asymptotic synthesis of contingent claims with controlled risk in a sequence of discrete-time markets THEORETICAL ECONOMICS Kreps, D. M., Schachermayer, W. 2021; 16 (1): 25–47

  View details for DOI 10.3982/TE4034

  View details for Web of Science ID 000609885100002

• Convergence of optimal expected utility for a sequence of discrete-time markets. Mathematical finance Kreps, D. M., Schachermayer, W. 2020; 30 (4): 1205-1228

  Abstract

  We examine Kreps' conjecture that optimal expected utility in the classic Black-Scholes-Merton (BSM) economy is the limit of optimal expected utility for a sequence of discrete-time economies that "approach" the BSM economy in a natural sense: The nth discrete-time economy is generated by a scaled n-step random walk, based on an unscaled random variable ζ with mean 0, variance 1, and bounded support. We confirm Kreps' conjecture if the consumer's utility function U has asymptotic elasticity strictly less than one, and we provide a counterexample to the conjecture for a utility function U with asymptotic elasticity equal to 1, for ζ such that E [ ζ 3 ] > 0 .

  View details for DOI 10.1111/mafi.12277

  View details for PubMedID 33041535

  View details for PubMedCentralID PMC7540176

• Choosing a good toolkit, I: Prior-free heuristics JOURNAL OF ECONOMIC DYNAMICS & CONTROL Francetich, A., Kreps, D. 2020; 111

  View details for DOI 10.1016/j.jedc.2019.103813

  View details for Web of Science ID 000512481400001

• Choosing a good toolkit, II: Bayes-rule based heuristics JOURNAL OF ECONOMIC DYNAMICS & CONTROL Francetich, A., Kreps, D. 2020; 111

  View details for DOI 10.1016/j.jedc.2019.103814

  View details for Web of Science ID 000512481400002

• Bayesian inference does not lead you astray ... on average ECONOMICS LETTERS Francetich, A., Kreps, D. 2014; 125 (3): 444-446

  View details for DOI 10.1016/j.econlet.2014.10.022

  View details for Web of Science ID 000347604000028

• Rules with Discretion and Local Information QUARTERLY JOURNAL OF ECONOMICS Bowen, T. R., Kreps, D. M., Skrzypacz, A. 2013; 128 (3): 1273-1320

  View details for DOI 10.1093/qje/qjt013

  View details for Web of Science ID 000321462000007

• Consistent human resource practices CALIFORNIA MANAGEMENT REVIEW Baron, J. N., KREPS, D. M. 1999; 41 (3): 29-?

  View details for Web of Science ID 000080295300003

• Intrinsic motivation and extrinsic incentives 109th Meeting of the American-Economic-Association KREPS, D. M. AMER ECONOMIC ASSOC. 1997: 359–64

  View details for Web of Science ID A1997XB09100075

• Economics - The current position DAEDALUS KREPS, D. M. 1997; 126 (1): 59-85

  View details for Web of Science ID A1997WG19000004

• LEARNING IN EXTENSIVE-FORM GAMES .1. SELF-CONFIRMING EQUILIBRIA Nobel Symposium on Game Theory Fudenberg, D., KREPS, D. M. ACADEMIC PRESS INC JNL-COMP SUBSCRIPTIONS. 1995: 20–55

  View details for Web of Science ID A1995QG07000004

• LEARNING MIXED EQUILIBRIA GAMES AND ECONOMIC BEHAVIOR Fudenberg, D., KREPS, D. M. 1993; 5 (3): 320-367

  View details for Web of Science ID A1993LN68500002

• ON INTERTEMPORAL PREFERENCES IN CONTINUOUS-TIME - THE CASE OF CERTAINTY JOURNAL OF MATHEMATICAL ECONOMICS HINDY, A., Huang, C. F., KREPS, D. 1992; 21 (5): 401-440

  View details for Web of Science ID A1992JT12500001

• REPEATED GAMES WITH LONG-RUN AND SHORT-RUN PLAYERS REVIEW OF ECONOMIC STUDIES Fudenberg, D., KREPS, D. M., MASKIN, E. S. 1990; 57 (4): 555-573

  View details for Web of Science ID A1990EE16300002

• ON THE ROBUSTNESS OF EQUILIBRIUM REFINEMENTS JOURNAL OF ECONOMIC THEORY Fudenberg, D., KREPS, D. M., Levine, D. K. 1988; 44 (2): 354-380

  View details for Web of Science ID A1988N596100009

• IN HONOR OF GROSSMAN,SANDY, WINNER OF THE CLARK,JOHN,BATES MEDAL JOURNAL OF ECONOMIC PERSPECTIVES KREPS, D. M. 1988; 2 (2): 111-135

  View details for Web of Science ID A1988N598000007

• STRUCTURAL CONSISTENCY, CONSISTENCY, AND SEQUENTIAL RATIONALITY ECONOMETRICA KREPS, D. M., Ramey, G. 1987; 55 (6): 1331-1348

  View details for Web of Science ID A1987M272400004

• REPUTATION IN THE SIMULTANEOUS PLAY OF MULTIPLE OPPONENTS REVIEW OF ECONOMIC STUDIES Fudenberg, D., KREPS, D. M. 1987; 54 (4): 541-568

  View details for Web of Science ID A1987K418000002

• SIGNALING GAMES AND STABLE EQUILIBRIA QUARTERLY JOURNAL OF ECONOMICS Cho, I. K., KREPS, D. M. 1987; 102 (2): 179-221

  View details for Web of Science ID A1987H131800001

• PRICE DESTABILIZING SPECULATION JOURNAL OF POLITICAL ECONOMY HART, O. D., KREPS, D. M. 1986; 94 (5): 927-952

  View details for Web of Science ID A1986E254800002

• SEQUENTIAL EQUILIBRIA ECONOMETRICA KREPS, D. M., Wilson, R. 1982; 50 (4): 863-894

  View details for Web of Science ID A1982NW70600002

• REPUTATION AND IMPERFECT INFORMATION JOURNAL OF ECONOMIC THEORY KREPS, D. M., Wilson, R. 1982; 27 (2): 253-279

  View details for Web of Science ID A1982NZ02400002

• MODELS IN MANAGERIAL ACCOUNTING JOURNAL OF ACCOUNTING RESEARCH Demski, J. S., KREPS, D. M. 1982; 20: 117-148

  View details for Web of Science ID A1982RH32200007

• RATIONAL COOPERATION IN THE FINITELY REPEATED PRISONERS-DILEMMA JOURNAL OF ECONOMIC THEORY KREPS, D. M., Milgrom, P., Roberts, J., Wilson, R. 1982; 27 (2): 245-252

  View details for Web of Science ID A1982NZ02400001

• ARBITRAGE AND EQUILIBRIUM IN ECONOMIES WITH INFINITELY MANY COMMODITIES JOURNAL OF MATHEMATICAL ECONOMICS KREPS, D. M. 1981; 8 (1): 15-35

  View details for Web of Science ID A1981LM85400002

• TEMPORAL VONNEUMANN-MORGENSTERN AND INDUCED PREFERENCES JOURNAL OF ECONOMIC THEORY KREPS, D. M., Porteus, E. L. 1979; 20 (1): 81-109

  View details for Web of Science ID A1979GX45200005

• DYNAMIC CHOICE THEORY AND DYNAMIC-PROGRAMMING ECONOMETRICA KREPS, D. M., Porteus, E. L. 1979; 47 (1): 91-100

  View details for Web of Science ID A1979GH66400006

• REPRESENTATION THEOREM FOR PREFERENCE FOR FLEXIBILITY ECONOMETRICA KREPS, D. M. 1979; 47 (3): 565-577

  View details for Web of Science ID A1979GY04100002

• MARTINGALES AND ARBITRAGE IN MULTIPERIOD SECURITIES MARKETS JOURNAL OF ECONOMIC THEORY Harrison, J. M., KREPS, D. M. 1979; 20 (3): 381-408

  View details for Web of Science ID A1979HK65000006

• SPECULATIVE INVESTOR BEHAVIOR IN A STOCK-MARKET WITH HETEROGENEOUS EXPECTATIONS QUARTERLY JOURNAL OF ECONOMICS Harrison, J. M., KREPS, D. M. 1978; 92 (2): 323-336

  View details for Web of Science ID A1978EX38200009

• TEMPORAL RESOLUTION OF UNCERTAINTY AND DYNAMIC CHOICE THEORY ECONOMETRICA KREPS, D. M., Porteus, E. L. 1978; 46 (1): 185-200

  View details for Web of Science ID A1978EK96200016

• SEQUENTIAL DECISION PROBLEMS WITH EXPECTED UTILITY CRITERIA .3. UPPER AND LOWER TRANSIENCE SIAM JOURNAL ON CONTROL AND OPTIMIZATION KREPS, D. M. 1978; 16 (3): 420-428

  View details for Web of Science ID A1978EY89700005

• OPTIMALITY OF STRUCTURED POLICIES IN COUNTABLE STAGE DECISION-PROCESSES .2. POSITIVE AND NEGATIVE PROBLEMS SIAM JOURNAL ON APPLIED MATHEMATICS KREPS, D. M., Porteus, E. L. 1977; 32 (2): 457-466

  View details for Web of Science ID A1977CY27500016

• NOTE ON FULFILLED EXPECTATIONS EQUILIBRIA JOURNAL OF ECONOMIC THEORY KREPS, D. M. 1977; 14 (1): 32-43

  View details for Web of Science ID A1977DA65000003