Time preference and real investment

DOI10.1016/j.jedc.2017.07.010zbMath1401.91223OpenAlexW3123337710MaRDI QIDQ1655749

Minsuk Kwak, Kyoung Jin Choi, Gyoocheol Shim

Publication date: 9 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2017.07.010

zbMATH Keywords

risk attitudetime preferenceidiosyncratic riskreal optionwealth effect

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Financial applications of other theories (91G80)

Related Items (3)

Valuing real options with endogenous payoff ⋮ Model risk in real option valuation ⋮ Investment decisions under incomplete markets in the presence of wealth effects

Cites Work

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• Optimal investment under operational flexibility, risk aversion, and uncertainty
• Valuing the option to invest in an incomplete market
• Corporate control and real investment in incomplete markets
• Hedging in incomplete markets with HARA utility
• Eliciting Risk and Time Preferences
• Consumption and Portfolio Selection with Labor Income: A Continuous Time Approach
• An Empirical Study on Intertemporal Decision Making Under Risk
• Risk Aversion, Indivisible Timing Options, and Gambling

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