Details about Larry Epstein

E-mail:
Homepage:	http://people.bu.edu/lepstein/index.html
Phone:	(617) 353-4142
Postal address:	Department of Economics Boston University, 270 Bay State Road, Boston, MA 02215
Workplace:	Department of Economics, Boston University, (more information at EDIRC)

Access statistics for papers by Larry Epstein.

Last updated 2009-06-17. Update your information in the RePEc Author Service.

Short-id: pep2

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Working Papers

2008

1. Supplementary Appendix for ‘Non-Bayesian Updating: A Theoretical Framework’
   PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania

2007

2. Coarse Contingencies
   Carlo Alberto Notebooks, Collegio Carlo Alberto View citations
   Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2005) View citations
3. Living with risk
   RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
   See also Journal Article in Review of Economic Studies (2008)

2006

4. Cognitive Dissonance and Choice
   RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
5. Learning Under Ambiguity
   RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
   Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2005) View citations
   See also Journal Article in Review of Economic Studies (2007)
6. Mutual Absolute Continuity of Multiple Priors
   Carlo Alberto Notebooks, Collegio Carlo Alberto View citations
   See also Journal Article in Journal of Economic Theory (2007)

2005

7. Ambiguity, Information Quality and Asset Pricing
   RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
   Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2004) View citations
   See also Journal Article in Journal of Finance (2008)
8. An Axiomatic Model of Non-Bayesian Updating
   RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
   Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2005) View citations
   See also Journal Article in Review of Economic Studies (2006)
9. NON-BAYESIAN UPDATING: A THEORETICAL FRAMEWORK
   Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics
   Also in Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics (2005) View citations
   RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2005) View citations
   RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2003)
   See also Journal Article in Theoretical Economics (2008)

2002

10. IID: Independently and Indistinguishably Distributed
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
    See also Journal Article in Journal of Economic Theory (2003)

2001

11. A Two-Person Dynamic Equilibrium under Ambiguity
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
    See also Journal Article in Journal of Economic Dynamics and Control (2003)
12. Recursive Multiple-Priors
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
    See also Journal Article in Journal of Economic Theory (2003)

2000

13. Ambiguity, risk and asset returns in continuous time
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
    See also Journal Article in Econometrica (2002)
14. The Core of Large TU Games
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)

1999

15. Are Probabilities Used in Markets?
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
    See also Journal Article in Journal of Economic Theory (2000)
16. Subjective Probabilities on Subjectively Unambiguous Events
    Carleton Economic Papers, Carleton University, Department of Economics View citations
    See also Journal Article in Econometrica (2001)

1998

17. Subjective Probabilities on Subjectivity Unambiguous Event
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)

1997

18. UNCERTAINTY AVERSION
    Working Papers, University of Toronto, Department of Economics View citations

1996

19. A REVELATION PRINCIPLE FOR COMPETING MECHANISMS
    Working Papers, University of Toronto, Department of Economics View citations
    See also Journal Article in Journal of Economic Theory (1999)

1993

20. A Revealed Preference Analysis of Asset Pricing Under Recursive Utility
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Review of Economic Studies (1995)

1991

21. The Independence Axiom and Asset Returns
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Empirical Finance (2001)

1987

22. Substitution, Risk Aversion and the Temporal Behaviour of Consumption and Asset Returns I: A Theoretical Framework
    Working Papers, Queen's University, Department of Economics View citations
23. Substitution, Risk Aversion and the Temporal Behaviour of Consumption and Asset Returns II: An Empirical Analysis
    Working Papers, Queen's University, Department of Economics View citations

Journal Articles

2008

1. Ambiguity, Information Quality, and Asset Pricing
   Journal of Finance, 2008, 63, (1), 197-228 View citations
   See also Working Paper (2005)
2. Living with Risk
   Review of Economic Studies, 2008, 75, (4), 1121-1141 View citations
   See also Working Paper (2007)
3. Non-Bayesian updating: A theoretical framework
   Theoretical Economics, 2008, 3, (2), 193-229
   See also Working Paper (2005)

2007

4. Coarse contingencies and ambiguity
   Theoretical Economics, 2007, 2, (4), 355-394 View citations
5. Cold feet
   Theoretical Economics, 2007, 2, (3), 231-259 View citations
6. Learning Under Ambiguity
   Review of Economic Studies, 2007, 74, (4), 1275-1303 View citations
   See also Working Paper (2006)
7. Mutual absolute continuity of multiple priors
   Journal of Economic Theory, 2007, 137, (1), 716-720
   See also Working Paper (2006)

2006

8. An Axiomatic Model of Non-Bayesian Updating
   Review of Economic Studies, 2006, 73, (2), 413-436 View citations
   See also Working Paper (2005)

2003

9. A two-person dynamic equilibrium under ambiguity
   Journal of Economic Dynamics and Control, 2003, 27, (7), 1253-1288 View citations
   See also Working Paper (2001)
10. IID: independently and indistinguishably distributed
    Journal of Economic Theory, 2003, 113, (1), 32-50 View citations
    See also Working Paper (2002)
11. Recursive multiple-priors
    Journal of Economic Theory, 2003, 113, (1), 1-31 View citations
    See also Working Paper (2001)

2002

12. Ambiguity, Risk, and Asset Returns in Continuous Time
    Econometrica, 2002, 70, (4), 1403-1443 View citations
    See also Working Paper (2000)

2001

13. Sharing Ambiguity
    American Economic Review, 2001, 91, (2), 45-50 View citations
14. Subjective Probabilities on Subjectively Unambiguous Events
    Econometrica, 2001, 69, (2), 265-306 View citations
    See also Working Paper (1999)
15. The Core of Large Differentiable TU Games
    Journal of Economic Theory, 2001, 100, (2), 235-273 View citations
16. The independence axiom and asset returns
    Journal of Empirical Finance, 2001, 8, (5), 537-572 View citations
    See also Working Paper (1991)

2000

17. Are Probabilities Used in Markets ?
    Journal of Economic Theory, 2000, 91, (1), 86-90 View citations
    See also Working Paper (1999)

1999

18. A Definition of Uncertainty Aversion
    Review of Economic Studies, 1999, 66, (3), 579-608 View citations
19. A Revelation Principle for Competing Mechanisms
    Journal of Economic Theory, 1999, 88, (1), 119-160 View citations
    See also Working Paper (1996)
20. research articles: Least convex capacities
    Economic Theory, 1999, 13, (2), 263-286

1997

21. Preference, Rationalizability and Equilibrium
    Journal of Economic Theory, 1997, 73, (1), 1-29 View citations

1996

22. "Beliefs about Beliefs" without Probabilities
    Econometrica, 1996, 64, (6), 1343-73 View citations

1995

23. A Revealed Preference Analysis of Asset Pricing under Recursive Utility
    Review of Economic Studies, 1995, 62, (4), 597-618 View citations
    See also Working Paper (1993)
24. Uncertainty, Risk-Neutral Measures and Security Price Booms and Crashes
    Journal of Economic Theory, 1995, 67, (1), 40-82 View citations

1994

25. Intertemporal Asset Pricing Under Knightian Uncertainty
    Econometrica, 1994, 62, (2), 283-322 View citations
26. The Projective Independence Axiom
    Economic Theory, 1994, 4, (2), 189-215

1993

27. A Unifying Approach to Axiomatic Non-expected Utility Theories: Correction and Comment
    Journal of Economic Theory, 1993, 59, (1), 183-188 View citations
28. Dynamically Consistent Beliefs Must Be Bayesian
    Journal of Economic Theory, 1993, 61, (1), 1-22 View citations
29. Habits and Time Preference
    International Economic Review, 1993, 34, (1), 61-84 View citations

1992

30. Asset Pricing with Stochastic Differential Utility
    Review of Financial Studies, 1992, 5, (3), 411-36 View citations
31. Quadratic Social Welfare Functions
    Journal of Political Economy, 1992, 100, (4), 691-712 View citations
32. Stochastic Differential Utility
    Econometrica, 1992, 60, (2), 353-94 View citations

1991

33. Mixture Symmetry and Quadratic Utility
    Econometrica, 1991, 59, (1), 139-63 View citations
34. Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis
    Journal of Political Economy, 1991, 99, (2), 263-86 View citations

1990

35. 'First-order' risk aversion and the equity premium puzzle
    Journal of Monetary Economics, 1990, 26, (3), 387-407 View citations
36. Nonexpected utility preferences in a temporal framework with an application to consumption-savings behaviour
    Journal of Economic Theory, 1990, 50, (1), 54-81 View citations

1989

37. A unifying approach to axiomatic non-expected utility theories
    Journal of Economic Theory, 1989, 49, (2), 207-240 View citations
38. Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework
    Econometrica, 1989, 57, (4), 937-69 View citations
39. The Structure of Preferences and Attitudes towards the Timing of the Resolution of Uncertainty
    International Economic Review, 1989, 30, (1), 103-17 View citations

1988

40. A correspondence theorem between expected utility and smooth utility
    Journal of Economic Theory, 1988, 46, (1), 186-193 View citations
41. Risk aversion and asset prices
    Journal of Monetary Economics, 1988, 22, (2), 179-192 View citations
42. The Law of Large Numbers and the Attractiveness of Compound Gambles
    Journal of Risk and Uncertainty, 1988, 1, (1), 125-32 View citations

1987

43. A simple dynamic general equilibrium model
    Journal of Economic Theory, 1987, 41, (1), 68-95 View citations
44. The Global Stability of Efficient Intertemporal Allocations
    Econometrica, 1987, 55, (2), 329-55 View citations
45. The Unimportance of the Intransitivity of Separable Preferences
    International Economic Review, 1987, 28, (2), 315-22 View citations

1986

46. Implicitly additive utility and the nature of optimal economic growth
    Journal of Mathematical Economics, 1986, 15, (2), 111-128
47. Intergenerational consumption rules: An axiomatization of utilitarianism and egalitarianism
    Journal of Economic Theory, 1986, 38, (2), 280-297 View citations

1985

48. Decreasing Risk Aversion and Mean-Variance Analysis
    Econometrica, 1985, 53, (4), 945-61 View citations
49. Non-parametric hypothesis testing procedures and applications to demand analysis
    Journal of Econometrics, 1985, 30, (1-2), 149-169 View citations
50. The empirical determination of technology and expectations: A simplified procedure
    Journal of Econometrics, 1985, 27, (2), 235-258 View citations

1983

51. Aggregating Quasi-Fixed Factors
    Scandinavian Journal of Economics, 1983, 85, (2), 191-205 View citations
52. Decreasing absolute risk aversion and utility indices derived from cake-eating problems
    Journal of Economic Theory, 1983, 29, (2), 245-264 View citations
53. Erratum: Integrability of Incomplete Systems of Demand Functions
    Review of Economic Studies, 1983, 50, (3), 581 View citations
54. Intertemporal price indices for the firm
    Journal of Economic Dynamics and Control, 1983, 6, (1), 109-126
55. Stationary cardinal utility and optimal growth under uncertainty
    Journal of Economic Theory, 1983, 31, (1), 133-152 View citations
56. The Multivariate Flexible Accelerator Model: Its Empirical Restrictions and an Application to U.S. Manufacturing
    Econometrica, 1983, 51, (3), 647-74 View citations
57. The Rate of Time Preference and Dynamic Economic Analysis
    Journal of Political Economy, 1983, 91, (4), 611-35 View citations

1982

58. Comparative dynamics in the adjustment-cost model of the firm
    Journal of Economic Theory, 1982, 27, (1), 77-100 View citations
59. Integrability of Incomplete Systems of Demand Functions
    Review of Economic Studies, 1982, 49, (3), 411-25 View citations

1981

60. Duality Theory and Functional Forms for Dynamic Factor Demands
    Review of Economic Studies, 1981, 48, (1), 81-95 View citations
61. Generalized Duality and Integrability
    Econometrica, 1981, 49, (3), 655-78 View citations

1980

62. Capital Asset Prices and the Temporal Resolution of Uncertainty
    Journal of Finance, 1980, 35, (3), 627-43 View citations
63. Decision Making and the Temporal Resolution of Uncertainty
    International Economic Review, 1980, 21, (2), 269-83 View citations
64. Endogenous capital utilization in a short-run production model: Theory and an empiral application
    Journal of Econometrics, 1980, 12, (2), 189-207 View citations
65. Increasing Generalized Correlation: A Definition and Some Economic Consequences
    Canadian Journal of Economics, 1980, 13, (1), 16-34 View citations
66. Multivariate Risk Independence and Functional Forms for Preferences and Technologies
    Econometrica, 1980, 48, (4), 973-85
67. On the recoverability of intertemporal preferences
    Economics Letters, 1980, 5, (1), 11-14

1978

68. Production Flexibility and the Behaviour of the Competitive Firm under Price Uncertainty
    Review of Economic Studies, 1978, 45, (2), 251-61 View citations
69. The Le Chatelier Principle in optimal control problems
    Journal of Economic Theory, 1978, 19, (1), 103-122 View citations

1975

70. A Disaggregate Analysis of Consumer Choice under Uncertainty
    Econometrica, 1975, 43, (5-6), 877-92 View citations

1974

71. Some Economic Effects of Immigration: A General Equilibrium Analysis
    Canadian Journal of Economics, 1974, 7, (2), 174-90