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

Christos I. Giannikos, Deniz Ozenbas

Research output: Contribution to journalArticlepeer-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 - Sep 1 2002

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

Keywords

  • Information
  • Ordinal certainty equivalent preferences
  • Risk aversion

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