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MASSIMO MARINACCI

Main Publications

A Behavioral Characterization of the Drift Diffusion Model and its Multi-Alternative Extension for Choice under Time Pressure (forthcoming)
with Carlo Baldassi, Simone Cerreia-Vioglio, Fabio Maccheroni and Marco Pirazzini
Management Science


Last change 28/09/2019

Rational Prefence and Rationalizable Choice (forthcoming)
with Simone Cerreia-Vioglio, Alfio Giarlotta, Salvatore Greco and Fabio Maccheroni
Economic Theory


Last change 08/05/2019

Ambiguity Aversion and Wealth Effects (forthcoming)
with Simone Cerreia-Vioglio and Fabio Maccheroni
Journal of Economic Theory


Last change 08/05/2019

A Note on Rational Inattention and Rate Distortion Theory (forthcoming)
with Tommaso Denti and Luigi Montrucchio
Decisions in Economics and Finance


Last change 08/05/2019

A Characterization of Probabilities with Full support in Metric Spaces, and Laplace Method (forthcoming)
with Simone Cerreia-Vioglio and Fabio Maccheroni
Journal of Optimization Theory and Applications


Last change 20/12/2018

Learning and Self-Confirming Long-Run Biases (2019)
with Pierpaolo Battigalli, Alejandro Francetich and Giacomo Lanzani
Journal of Economic Theory, 183, 740-785, 2019


Last change 28/09/2019

Ambiguity Attitudes and Self-Confirming Equilibrium in Sequential Games (2019)
with Pierpaolo Battigalli, Emiliano Catonini and Giacomo Lanzani
Games and Economic Behavior, 115, 1-29, 2019


Last change 08/05/2019

Orthogonal Decompositions in Hilbert A-Modules (2019)
with Simone Cerreia-Vioglio and Fabio Maccheroni
Journal of Mathematical Analysis and Applications, 470, 846-875, 2019


Last change 08/05/2019

Commutativity, Comonotonicity, and Choquet Integration of Self-Adjoint Operators (2018)
with Simone Cerreia-Vioglio, Fabio Maccheroni and Luigi Montrucchio
Reviews in Mathematical Physics, 30, 10, 1850016, 2018


Last change 08/05/2019

Unique Tarski Fixed Points (forthcoming)
with Luigi Montrucchio
Mathematics of Operations Research


Last change 15/10/2018

Weak Time-Derivatives and No-Arbitrage Pricing (2018)
with Federico Severino
Finance and Stochastics, 22, 1007-1036, 2018


Last change 15/10/2018

Stochastic Dominance without the Independence Axiom (2017)
with Simone Cerreia-Vioglio and Fabio Maccheroni
Management Science, 31, 1097-1109, 2017


Last change 15/10/2018

Mixed Extensions of Decision Problems under Uncertainty (2017)
with Pierpaolo Battigalli, Simone Cerreia-Vioglio and Fabio Maccheroni
Economic Theory, 63, 827-866, 2017


Last change 15/10/2018

Hilbert A-Modules (2017)
with Simone Cerreia-Vioglio and Fabio Maccheroni
Journal of Mathematical Analysis and Applications, 446, 970-1017


Last change 15/10/2018

Conditional Lp-spaces and the Duality of Modules over f-algebras (2016)
with Simone Cerreia-Vioglio, Michael Kupper, Fabio Maccheroni and Nicolas Vogelpoth
Journal of Mathematical Analysis and Applications, 444, 1045-1070


Last change 15/10/2018

Ambiguity Aversion and Model Misspecification: An Economic Perspective (2016)
with Lars Peter Hansen
Statistical Science, 31, 511-515


Last change 17/01/2019

Ergodic Theorems for Lower Probabilities (2016)
with Simone Cerreia-Vioglio and Fabio Maccheroni
Proceedings of the American Mathematical Society, 144, 3381-3396


Last change 15/10/2018

A Note on Comparative Ambiguity Aversion and Justifiability (2016)
with Pierpaolo Battigalli, Simone Cerreia-Vioglio and Fabio Maccheroni
Econometrica, 84, 1903-1916


Last change 15/10/2018

Model Uncertainty (2015)
Massimo Marinacci
Journal of the European Economic Association, 13, 998-1076


Last change 15/10/2018

Choquet Integration on Riesz Spaces and Dual Comonotonicity (2015)
with Simone Cerreia-Vioglio, Fabio Maccheroni and Luigi Montrucchio
Transactions of the American Mathematical Society, 367, 8521-8542


Last change 15/10/2018

The Structure of Variational Preferences (2015)
with Simone Cerreia-Vioglio, Fabio Maccheroni and Aldo Rustichini
Journal of Mathematical Economics, 57, 12-19


Last change 15/10/2018

Put-Call Parity and Market Frictions (2015)
with Simone Cerreia-Vioglio and Fabio Maccheroni
Journal of Economic Theory, 157, 730-762


Last change 15/10/2018

Selfconfirming Equilibrium and Model Uncertainty (2015)
with Pierpaolo Battigalli, Simone Cerreia-Vioglio and Fabio Maccheroni
American Economic Review, 105, 646-677


Last change 15/10/2018

Pride and Diversity in Social Economics (2014)
with Fabio Maccheroni and Aldo Rustichini
American Economic Journal: Microeconomics, 6, 237-271


Last change 15/10/2018

Niveloids and Their Extension: Risk Measures on Small Domains (2014)
with Simone Cerreia-Vioglio, Fabio Maccheroni and Aldo Rustichini
Journal of Mathematical Analysis and Applications, 413, 343-360


Last change 15/10/2018

Alpha as Ambiguity: Robust Mean-Variance Portfolio Analysis (2013)
with Fabio Maccheroni and Doriana Ruffino
Econometrica, 81, 1075-1113


Last change 15/10/2018

Classical Subjective Expected Utility (2013)
with Simone Cerreia-Vioglio, Fabio Maccheroni and Luigi Montrucchio
Proceedings of the National Academy of Sciences, 110, 6754-6759


Last change 15/10/2018

Ambiguity and Robust Statistics (2013)
with Simone Cerreia-Vioglio, Fabio Maccheroni and Luigi Montrucchio
Journal of Economic Theory, 148, 974-1049


Last change 15/10/2018

Social Decision Theory: Choosing within and between Groups (2012)
with Fabio Maccheroni and Aldo Rustichini
Review of Economic Studies, 79, 1591-1636


Last change 15/10/2018

On the computation of optimal monotone mean-variance portfolios via truncated quadratic utility (2012)
with Ales Cerny, Fabio Maccheroni and Aldo Rustichini
Journal of Mathematical Economics, 48, 386-395


Last change 15/10/2018

Probabilistic Sophistication, Second Order Stochastic Dominance, and Uncertainty Aversion (2012)
with Simone Cerreia-Vioglio, Fabio Maccheroni and Luigi Montrucchio
Journal of Mathematical Economics, 48, 271-283


Last change 15/10/2018

On the Smooth Ambiguity Model: A Reply (2012)
with Peter Klibanoff and Sujoy Mukerji
Econometrica, 80, 1303-1321


Last change 15/10/2018

Signed Integral Representations of Comonotonic Additive Functionals (2012)
with Simone Cerreia-Vioglio, Fabio Maccheroni and Luigi Montrucchio
Journal of Mathematical Analysis and Applications, 385, 895-912


Last change 15/10/2018

Finitely Well-Positioned Sets (2012)
with Luigi Montrucchio
Journal of Convex Analysis, 19, 249-279


Last change 15/10/2018

Definitions of Ambiguous Events and the Smooth Ambiguity Model (2011)
wth Peter Klibanoff and Sujoy Mukerji
Economic Theory, 48, 399-424


Last change 15/10/2018

Rational Preferences under Ambiguity (2011)
with Simone Cerreia-Vioglio, Paolo Ghirardato, Fabio Maccheroni and Marciano Siniscalchi
Economic Theory, 48, 341-375


Last change 15/10/2018

Risk Measures: Rationality and Diversification (2011)
with Simone Cerreia-Vioglio, Fabio Maccheroni and Luigi Montrucchio
Mathematical Finance, 21, 743-774


Last change 15/10/2018

Uncertainty Averse Preferences (2011)
with Simone Cerreia-Vioglio, Fabio Maccheroni and Luigi Montrucchio
Journal of Economic Theory, 146, 1275-1330


Last change 15/10/2018

Necessary and Sufficient Conditions for Optima in Reflexive Spaces (2011)
with Luigi Montrucchio
SIAM Journal on Optimization, 21, 174-192


Last change 15/10/2018

Complete Monotone Quasiconcave Duality (2011)
with Simone Cerreia-Vioglio, Fabio Maccheroni and Luigi Montrucchio
Mathematics of Operations Research, 36, 321-339


Last change 15/10/2018

Unique Solutions for Stochastic Recursive Utilities (2010)
with Luigi Montrucchio
Journal of Economic Theory, 145, 1776-1804


Last change 15/10/2018

Objective and Subjective Rationality in a Multiple Prior Model (2010)
with Itzhak Gilboa, Fabio Maccheroni and David Schmeidler
Econometrica, 78, 755-770


Last change 15/10/2018

Recursive Smooth Ambiguity Preferences (2009)
with Peter Klibanoff and Sujoy Mukerji
Journal of Economic Theory, 144, 930-976


Last change 22/05/2019

Portfolio Selection with Monotone Mean-Variance Preferences (2009)
with Fabio Maccheroni, Aldo Rustichini and Marco Taboga
Mathematical Finance, 19, 487-521


Last change 22/05/2019

On Concavity and Supermodularity (2008)
with Luigi Montrucchio
Journal of Mathematical Analysis and Applications, 344, 642-654


Last change 22/05/2019

Coarse Contingencies and Ambiguity (2007)
with Larry Epstein and Kyoungwon Seo
Theoretical Economics, 2, 355-394


Last change 22/05/2019

Mutual Absolute Continuity of Multiple Priors (2007)
with Larry Epstein
Journal of Economic Theory, 137, 716-720


Last change 22/05/2019

Ambiguity Aversion, Robustness, and the Variational Representation of Preferences (2006)
with Fabio Maccheroni and Aldo Rustichini
Econometrica 74, 1447-1498


Last change 22/05/2019

Cores of Non-Atomic Market Games (2006)
with Max Amarante, Fabio Maccheroni and Luigi Montrucchio
International Journal of Game Theory 34, 399-424


Last change 22/05/2019

Dynamic Variational Preferences (2006)
with Fabio Maccheroni and Aldo Rustichini
Journal of Economic Theory 128, 4-44


Last change 22/05/2019

A Smooth Model of Decision Making under Ambiguity (2005)
with Peter Klibanoff and Sujoy Mukerji
Econometrica 73, 1849-1892


Last change 22/05/2019

Ultramodular Functions (2005)
with Luigi Montrucchio
Mathematics of Operations Reseach 30, 311-332


Last change 22/05/2019

Stable Cores of Large Games (2005)
with Luigi Montrucchio
International Journal of Game Theory 33, 189-213


Last change 22/05/2019

Monotone Continuous Multiple Priors (2005)
with Alain Chateauneuf, Fabio Maccheroni and Jean-Marc Tallon
Economic Theory 26, 973-982


Last change 22/05/2019

A Strong Law of Large Numbers for Capacities (2005)
with Fabio Maccheroni
Annals of Probability 33, 1171-1178


Last change 22/05/2019

Certainty Independence and the Separation of Utility and Beliefs (2005)
with Paolo Ghirardato and Fabio Maccheroni
Journal of Economic Theory, 120, 129-136


Last change 22/05/2019

Differentiating Ambiguity and Ambiguity Attitude (2004)
with Paolo Ghirardato and Fabio Maccheroni
Journal of Economic Theory, 118, 133-173


Last change 22/05/2019

Random Correspondes as Bundles of Random Variables (2004)
with Adriana Castaldo and Fabio Maccheroni
Sankhya (Series A), 66, 409-427


Last change 22/05/2019

Choquet Insurance Pricing: a Caveat (2004)
with Erio Castagnoli and Fabio Maccheroni
Mathematical Finance 14, 481-485


Last change 22/05/2019

A Characterization of the Core of Convex Games through Gateaux Derivatives (2004)
with Luigi Montrucchio
Journal of Economic Theory 116, 229-248


Last change 22/05/2019

Subjective Foundations for Objective Randomization: A New Spin on Roulette Wheels (2003)
with Paolo Ghirardato, Fabio Maccheroni and Marciano Siniscalchi
Econometrica 71, 1897-1908


Last change 22/05/2019

How to Cut a Pizza Fairly: Fair Division with Decreasing Marginal Evaluations (2003)
with Fabio Maccheroni
Social Choice and Welfare 20, 457-465


Last change 22/05/2019

Subcalculus for Set Functions and Cores of TU Games (2003)
with Luigi Montrucchio
Journal of Mathematical Economics 39, 1-25


Last change 22/05/2019

Insurance Premia Compatible with the Market (2002)
with Erio Castagnoli and Fabio Maccheroni
Insurance: Mathematics and Economics 31, 267-284


Last change 22/05/2019

Ambiguity Made Precise: A Comparative Foundation (2002)
with Paolo Ghirardato
Journal of Economic Theory 102, 251-289


Last change 22/05/2019

Probabilistic Sophistication and Multiple Priors (2002)
Massimo Marinacci
Econometrica 70, 755-764


Last change 22/05/2019

Risk, Ambiguity, and the Separation of Utility and Beliefs (2001)
with Paolo Ghirardato
Mathematics of Operations Research 26, 864-890


Last change 22/05/2019

The Core of Large Differentiable TU Games (2001)
with Larry Epstein
Journal of Economic Theory 100, 235-273


Last change 22/05/2019

Range Convexity and Ambiguity Averse Preferences (2001)
with Paolo Ghirardato
Economic Theory 17, 599-617


Last change 22/05/2019

Ambiguous Games (2000)
Massimo Marinacci
Games and Economic Behavior 31, 191-219


Last change 22/05/2019

A Uniqueness Theorem for Convex-Ranged Probabilities (2000)
Massimo Marinacci
Decisions in Economics and Finance 23, 121-132


Last change 22/05/2019

The Impossibility of Compromise: Some Uniqueness Properties of Expected Utility Preferences (2000)
with Paolo Ghirardato
Economic Theory 16, 245-258


Last change 22/05/2019

Upper Probabilities and Additivity (1999)
Massimo Marinacci
Sankhya (Series A) 61, 358-361


Last change 22/05/2019

Limit Laws for Non-Additive Probabilities, and Their Frequentist Interpretation (1999)
Massimo Marinacci
Journal of Economic Theory 84, 145-195


Last change 22/05/2019

An Axiomatic Approach to Complete Patience (1998)
Massimo Marinacci
Journal of Economic Theory 83, 105-144


Last change 22/05/2019

Additivity with Multiple Priors (1998)
with Paolo Ghirardato and Peter Klibanoff
Journal of Mathematical Economics 30, 405-420


Last change 22/05/2019

Finitely Additive and Epsilon Nash Equilibria (1997)
Massimo Marinacci
International Journal of Game Theory 26, 315-333


Last change 22/05/2019

Local Radon-Nikodym Derivatives of Set Functions (1997)
with John Harding, Nhu T. Nguyen and Tonghui Wang
International Journal of Uncertainty, Fuzziness, and Knowledge-Based Systems 5, 379-394


Last change 22/05/2019

Decomposition and Representation of Coalitional Games (1996)
Massimo Marinacci
Mathematics of Operations Research ,21, 1000-1015


Last change 22/05/2019

Last change 12/06/2018