读文献时看到这么一句话,不理解,希望论坛里有大师能帮忙解答一下:
a pessimistic agent values more than an optimistic agent the states of the world where the level of aggregate consumption is low(or the Arrow-Debreu assets associated to those bad states),as she assigns a higher probability to those states.
悲观的人认为发生low state的概率大,所以他们在这种low consumption情况下估值高。
是这样的意思么?感觉不理解