Habit formation from correlation aversion

DOI10.1287/OPRE.1120.1046MaRDI QIDQ4648259zbMATH OpenOpenAlexFDO

Authors Kenneth C. jun. Lichtendahl, Raul O. Chao, Samuel E. Bodily

Publication date 8 November 2012

Published in Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/opre.1120.1046

zbMATH Keywords

decision analysisstochastic dynamic programmingmultiattribute utilityconsumption and portfolio planning

Mathematics Subject Classification ID

Decision theory (91B06) Dynamic programming (90C39) Stochastic programming (90C15)

Recommendations

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Cited in

(5)

• On the characterization of linear habit formation
• Preferences for consumption streams: scale invariance, correlation aversion, and delay aversion under mortality risk
• Multiplicative utilities for health and consumption
• Dynamic theory of preferences: habit formation and taste for variety
• Evaluating decision maker ``type under \(p\)-additive utility representations

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