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