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

Christos I. Giannikos; Deniz Ozenbas

doi:10.1016/S0165-1765(02)00115-5

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

Christos I. Giannikos, Deniz Ozenbas

Accounting and Finance

Research output: Contribution to journal › Article › peer-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 language	English
Pages (from-to)	73-78
Number of pages	6
Journal	Economics Letters
Volume	77
Issue number	1
DOIs	https://doi.org/10.1016/S0165-1765(02)00115-5
State	Published - Sep 2002

Keywords

Information
Ordinal certainty equivalent preferences
Risk aversion

Access to Document

10.1016/S0165-1765(02)00115-5

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 = sep,

doi = "10.1016/S0165-1765(02)00115-5",

language = "English",

volume = "77",

pages = "73--78",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier B.V.",

number = "1",

}

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

Y1 - 2002/9

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 - https://www.scopus.com/pages/publications/0036721734

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

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

M3 - Article

AN - SCOPUS:0036721734

SN - 0165-1765

VL - 77

SP - 73

EP - 78

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

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

Abstract

Keywords

Access to Document

Other files and links

Fingerprint

Cite this