Nonrecursive separation of risk and time preferences

DOI10.1016/J.JMATECO.2020.07.002zbMATH Open1448.91092OpenAlexW2761460125MaRDI QIDQ2201707FDOQ2201707

Ninna Reitzel Jensen, Matthias A. Fahrenwaldt, Mogens Steffensen

Publication date: 17 September 2020

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2020.07.002

zbMATH Keywords

recursive utilitytime-consistencyequilibrium strategiescertainty equivalentsgeneralized Hamilton-Jacobi-Bellman equationtime-global preferences

Mathematics Subject Classification ID

Individual preferences (91B08) Utility theory (91B16)

Cites Work

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Cited In (4)

• On the rate of time preference under recursive preferences
• Equilibrium investment with random risk aversion
• Risk Aversion, Indivisible Timing Options, and Gambling
• Measuring time and risk preferences in an integrated framework

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