Investment in real assets and information acquisition: The OCE preferences case

Christos I. Giannikos, Deniz Ozenbas

Research output: Contribution to journalArticle

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

Keywords

  • Information
  • Ordinal certainty equivalent preferences
  • Risk aversion

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