Investment in real assets and information acquisition

The OCE preferences case

Christos I. Giannikos, Deniz Ozenbas

Research output: Contribution to journalArticleResearchpeer-review

Abstract

An agent optimizes over real investment and investment in information acquisition while maximizing a two-period utility that captures his ordinal certainty equivalent (OCE) preferences. Optimal investment is characterized and the impact of risk and time preferences on it is investigated.

Original languageEnglish
Pages (from-to)73-78
Number of pages6
JournalEconomics Letters
Volume77
Issue number1
DOIs
StatePublished - 1 Sep 2002

Fingerprint

Information acquisition
Certainty equivalent
Assets
Time preference
Optimal investment
Risk preferences

Keywords

  • Information
  • Ordinal certainty equivalent preferences
  • Risk aversion

Cite this

@article{cd7aabe79aea4b31a46a3c9585c38e80,
title = "Investment in real assets and information acquisition: The OCE preferences case",
abstract = "An agent optimizes over real investment and investment in information acquisition while maximizing a two-period utility that captures his ordinal certainty equivalent (OCE) preferences. Optimal investment is characterized and the impact of risk and time preferences on it is investigated.",
keywords = "Information, Ordinal certainty equivalent preferences, Risk aversion",
author = "Giannikos, {Christos I.} and Deniz Ozenbas",
year = "2002",
month = "9",
day = "1",
doi = "10.1016/S0165-1765(02)00115-5",
language = "English",
volume = "77",
pages = "73--78",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
number = "1",

}

Investment in real assets and information acquisition : The OCE preferences case. / Giannikos, Christos I.; Ozenbas, Deniz.

In: Economics Letters, Vol. 77, No. 1, 01.09.2002, p. 73-78.

Research output: Contribution to journalArticleResearchpeer-review

TY - JOUR

T1 - Investment in real assets and information acquisition

T2 - The OCE preferences case

AU - Giannikos, Christos I.

AU - Ozenbas, Deniz

PY - 2002/9/1

Y1 - 2002/9/1

N2 - An agent optimizes over real investment and investment in information acquisition while maximizing a two-period utility that captures his ordinal certainty equivalent (OCE) preferences. Optimal investment is characterized and the impact of risk and time preferences on it is investigated.

AB - An agent optimizes over real investment and investment in information acquisition while maximizing a two-period utility that captures his ordinal certainty equivalent (OCE) preferences. Optimal investment is characterized and the impact of risk and time preferences on it is investigated.

KW - Information

KW - Ordinal certainty equivalent preferences

KW - Risk aversion

UR - http://www.scopus.com/inward/record.url?scp=0036721734&partnerID=8YFLogxK

U2 - 10.1016/S0165-1765(02)00115-5

DO - 10.1016/S0165-1765(02)00115-5

M3 - Article

VL - 77

SP - 73

EP - 78

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

IS - 1

ER -