Risk Preferences Are Not Time Preferences: Discounted Expected Utility with a Disproportionate Preference for Certainty
收藏NBER2010-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16348
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资源简介：
Risk and time are intertwined. The present is known while the future is inherently risky. Discounted expected utility provides a simple, coherent structure for analyzing decisions in intertemporal, uncertain environments. However, we document robust violations of discounted expected utility,
提供机构：
美国国家经济研究局
创建时间：
2010-09-01
