Intertemporal Preferences for Uncertain Consumption: A Continuous Time Approach

DOI10.2307/2951566MaRDI QIDQ4013231zbMATH OpenOpenAlexFDO

Authors Ayman Hindy, Chi-fu Huang

Publication date 27 September 1992

Published in Econometrica (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/1721.1/48656

zbMATH Keywords

uncertaintymartingalesBrownian motioncontinuous timetopologieslocal substitutionItô processesnon-time-additive utility functionsspace of consumption patterns

Mathematics Subject Classification ID

Individual preferences (91B08) Consumer behavior, demand theory (91B42) Economic growth models (91B62)

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• The Structure of Intertemporal Preferences under Uncertainty and Time Consistent Plans
• Optimal consumption and portfolio rules with durability and habit formation
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• Why uncertainty matters: discounting under intertemporal risk aversion and ambiguity
• General equilibrium analysis in ordered topological vector spaces
• Stochastic equilibria for economies under uncertainty with intertemporal substitution
• Externalities and nonlinear discounting: Indeterminacy
• A topological approach to delay aversion
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• Asset and commodity prices with multi-attribute durable goods
• Optimal consumption with Hindy–Huang–Kreps preferences under nonlinear expectations
• On intertemporal preferences in continuous time. The case of certainty
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• Existence of financial equilibria in continuous time with potentially complete markets
• Generic determinacy of equilibria with local substitution
• Modeling the inconsistency in intertemporal choice: the generalized Weibull discount function and its extension
• Preservation and exogeneous uncertain future preferences

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