A Note on the Relation between Risk Aversion, Intertemporal Substitution and Timing of the Resolution of Uncertainty

Epstein and Zin (1989) axiomatization allows the distinction between risk aversion and intertemporal substitution. Kreps and Porteus (1978) one introduces the concept of timing of resolution of uncertainty. This paper proposes to generalize the link between these three concepts.

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Year of publication:	2006
Authors:	Etner, Johanna
Published in:	Annals of Economics and Finance. - China Economics and Management Academy, ISSN 1529-7373. - Vol. 7.2006, 2, 2, p. 251-256
Publisher:	China Economics and Management Academy
Subject:	Risk aversion \| Intertemporal substitution \| Timing of the resolution of uncertainty

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; D9 - Intertemporal Choice and Growth
Source:	RePEc - Research Papers in Economics

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