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

Johanna Etner

Annals of Economics and Finance, 2006, vol. 7, issue 2, 251-256

Abstract: 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.

Keywords: Risk aversion; Intertemporal substitution; Timing of the resolution of uncertainty (search for similar items in EconPapers)
JEL-codes: D81 D9 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:cuf:journl:y:2006:v:7:i:2:p:251-256

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