Decreasing absolute risk aversion and utility indices derived from cake- eating problems

DOI10.1016/0022-0531(83)90047-9zbMath0517.90006OpenAlexW1985515849MaRDI QIDQ1053586

Larry G. Epstein

Publication date: 1983

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(83)90047-9

zbMATH Keywords

decreasing absolute risk aversioninfinite horizon cake-eating problemresource extraction under uncertaintyutility indices

Mathematics Subject Classification ID

Utility theory (91B16) Economic growth models (91B62)

Related Items (1)

RISK‐AVERSION BEHAVIOR IN CONSUMPTION/INVESTMENT PROBLEMS¹

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Optimum consumption and portfolio rules in a continuous-time model
• How to eat a cake of unknown size -- the case of a growing cake
• Sequential exploitation of uncertain deposits of a depletable natural resource
• Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate
• A characterization of the normalized restricted profit function
• Optimal Consumption and Exploration of Nonrenewable Resources under Uncertainty
• On the Differentiability of the Value Function in Dynamic Models of Economics
• The Optimal Exploitation of an Unknown Reserve
• Duality Theory and Functional Forms for Dynamic Factor Demands
• Some Stronger Measures of Risk Aversion in the Small and the Large with Applications
• Optimal Depletion of an Uncertain Stock
• Risk Aversion in the Small and in the Large
• Optimal Growth and Continual Planning Revision
• The General Instability of a Class of Competitive Growth Processes
• Convex Analysis
• On the Existence of an Optimal Plan in a Continuous-Time Allocation Process
• Stochastic Models of Economic Fluctuations

This page was built for publication: Decreasing absolute risk aversion and utility indices derived from cake- eating problems