Investment in Real Assets and Information Acquisition: The OCE Preferences Case

Authors

Christos I. Giannikos, City University of New York
Deniz Ozenbas, Montclair State UniversityFollow

Document Type

Article

Publication Date

9-1-2002

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.

DOI

10.1016/S0165-1765(02)00115-5

MSU Digital Commons Citation

Giannikos, Christos I. and Ozenbas, Deniz, "Investment in Real Assets and Information Acquisition: The OCE Preferences Case" (2002). Department of Accounting and Finance Faculty Scholarship and Creative Works. 73.
https://digitalcommons.montclair.edu/acctg-finance-facpubs/73