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Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework
Econometrica · 1989 · Vol. 57(4) · pp. 937–937
Abstract
Larry G. Epstein, Stanley E. Zin, Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework, Econometrica, Vol. 57, No. 4 (Jul., 1989), pp. 937-969
Economic theories and modelsFinancial Markets and Investment StrategiesMonetary Policy and Economic ImpactRisk aversion (psychology)EconomicsSubstitution (logic)Consumption (sociology)Asset (computer security)Capital asset pricing modelMicroeconomicsFinancial economicsEconometricsExpected utility hypothesis
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References
Probability and Measure.
Journal of the American Statistical Association · 1996 · 6,656 citations
The Dual Theory of Choice under Risk
Econometrica · 1987 · 2,492 citations
Asset Prices in an Exchange Economy
Econometrica · 1978 · 5,159 citations
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