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

Montclair State University

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

ASJC Scopus subject areas

Finance
Economics and Econometrics

Keywords

Information
Ordinal certainty equivalent preferences
Risk aversion

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10.1016/S0165-1765(02)00115-5

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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",

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T2 - The OCE preferences case

AU - Giannikos, Christos I.

AU - Ozenbas, Deniz

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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

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VL - 77

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EP - 78

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

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

Abstract

ASJC Scopus subject areas

Keywords

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