Title

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

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

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