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  • 16 votes cast
Nov
15
comment What's the most straight-forward way to prove Walras's Law?
thanks @user68!
Nov
15
comment What's the most straight-forward way to prove Walras's Law?
@Jason B - what's LNS?
Oct
30
comment Given $AX = XD$, where $D$ is a diagonal matrix and $A$ is idempotent, is $D$ idempotent as well?
yup, i got the answer i was looking for, thanks!
Oct
30
comment Given $AX = XD$, where $D$ is a diagonal matrix and $A$ is idempotent, is $D$ idempotent as well?
no it's not hw, just something i was wondering about
Apr
9
comment Payoffs question
I agree that the question is unrealistic as well. Thanks for your answer.
Apr
1
comment Payoffs question
Strangely, the answer given by my professor is f= 0.75 while I thought that the answer should be f = 0 like all your answers suggested. I'm gonna think it over again.
Mar
22
comment What property of the transition matrix of a Markov process determines that there is a finite, non-zero long-term distribution?
Thanks, that was very helpful.