RINCE PREFERENCES *
RINCE PREFERENCES *
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RINCE 偏好 *
DOI：
10.2307/2937818
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发表时间：
2008
期刊：
影响因子：
--
通讯作者：
R. Farmer
中科院分区：
文献类型：
--
作者：
R. Farmer
本文提出了一类能给出动态随机选择问题封闭解的偏好。这些偏好基于Kreps和Porteus提出的一组公理。Kreps-Porteus公理允许人们将代理人对风险的态度与他或她的跨期替代弹性分开。RINCE偏好具有Risk中性和恒定替代弹性的属性。
This paper presents a class of preferences that yield closed-form solutions tc dynamic stochastic choice problems. These preferences are based on a set of axioms that were proposed by Kreps and Porteus. The Kreps-Porteus axioms allow one to separate an agent's attitudes to risk from his or her intertemporal elasticity of substitution. RINCE preferences have the properties of RIsk Neutrality and Constant Elasticity of substitution.