Quantitative Economics, ISSN 1759-7323, 07/2014, Volume 5, Issue 2, pp. 195 - 223

We report a portfolio‐choice experiment that enables us to estimate parametric models of ambiguity aversion at the level of the individual subject. The assets...

Uncertainty | recursive nonexpected utility | contraction expected utility | Choquet expected utility | maxmin expected utility | α‐maxmin expected utility | risk aversion | recursive expected utility | rank‐dependent utility | experiment | subjective expected utility | pessimism/optimism | C91 | D81 | ambiguity aversion | α-maxmin expected utility | Maxmin expected utility | Experiment | Subjective expected utility | Recursive expected utility | Recursive nonexpected utility | Contraction expected utility | Ambiguity aversion | Risk aversion | Rank-dependent utility | Pessimism/optimism | LOTTERIES | BEHAVIOR | alpha-maxmin expected utility | RISK | ASTERISK | EXPECTED UTILITY | ATTITUDE | AFRIATS THEOREM | UNCERTAINTY AVERSION | ECONOMICS | ANTICIPATED UTILITY | rank-dependent utility | REVEALED PREFERENCE | Expected utility | Economic models | Null hypothesis | Parameters | Pessimism | Attitudes | Specification | Ambiguity | Optimism

Uncertainty | recursive nonexpected utility | contraction expected utility | Choquet expected utility | maxmin expected utility | α‐maxmin expected utility | risk aversion | recursive expected utility | rank‐dependent utility | experiment | subjective expected utility | pessimism/optimism | C91 | D81 | ambiguity aversion | α-maxmin expected utility | Maxmin expected utility | Experiment | Subjective expected utility | Recursive expected utility | Recursive nonexpected utility | Contraction expected utility | Ambiguity aversion | Risk aversion | Rank-dependent utility | Pessimism/optimism | LOTTERIES | BEHAVIOR | alpha-maxmin expected utility | RISK | ASTERISK | EXPECTED UTILITY | ATTITUDE | AFRIATS THEOREM | UNCERTAINTY AVERSION | ECONOMICS | ANTICIPATED UTILITY | rank-dependent utility | REVEALED PREFERENCE | Expected utility | Economic models | Null hypothesis | Parameters | Pessimism | Attitudes | Specification | Ambiguity | Optimism

Journal Article

Journal of Economic Theory, ISSN 0022-0531, 05/2019, Volume 181, pp. 274 - 288

We explore how the Epstein–Zin utility captures an agent's sensitivity to parameter uncertainty. Our main result is a closed-form representation of the...

Parameter uncertainty | Recursive utility | ECONOMICS | Business schools

Parameter uncertainty | Recursive utility | ECONOMICS | Business schools

Journal Article

Mathematical Finance, ISSN 0960-1627, 10/2018, Volume 28, Issue 4, pp. 991 - 1019

This paper introduces a dual problem to study a continuous‐time consumption and investment problem with incomplete markets and Epstein–Zin stochastic...

stochastic differential utility | consumption investment optimization | backward stochastic differential equation | convex duality | RETURNS | OPTIMAL INVESTMENT | EFFICIENT INTERTEMPORAL ALLOCATIONS | PORTFOLIO SELECTION | MAXIMIZATION | BUSINESS, FINANCE | OPTIMAL CONSUMPTION | DECISIONS | MATHEMATICS, INTERDISCIPLINARY APPLICATIONS | RECURSIVE UTILITY | CONSTRAINTS | SOCIAL SCIENCES, MATHEMATICAL METHODS | ECONOMICS | INCOMPLETE MARKETS | Consumption | Markets | Hedging | Utilities | Investment

stochastic differential utility | consumption investment optimization | backward stochastic differential equation | convex duality | RETURNS | OPTIMAL INVESTMENT | EFFICIENT INTERTEMPORAL ALLOCATIONS | PORTFOLIO SELECTION | MAXIMIZATION | BUSINESS, FINANCE | OPTIMAL CONSUMPTION | DECISIONS | MATHEMATICS, INTERDISCIPLINARY APPLICATIONS | RECURSIVE UTILITY | CONSTRAINTS | SOCIAL SCIENCES, MATHEMATICAL METHODS | ECONOMICS | INCOMPLETE MARKETS | Consumption | Markets | Hedging | Utilities | Investment

Journal Article

Finance and Stochastics, ISSN 0949-2984, 1/2017, Volume 21, Issue 1, pp. 227 - 262

In a market with stochastic investment opportunities, we study an optimal consumption–investment problem for an agent with recursive utility of Epstein–Zin...

Backward stochastic differential equation | Epstein–Zin utility | G11 | Economic Theory/Quantitative Economics/Mathematical Methods | Probability Theory and Stochastic Processes | Mathematics | Quantitative Finance | Finance, general | 93E20 | Consumption–investment optimization | 91G10 | Statistics for Business/Economics/Mathematical Finance/Insurance | D91 | LONG-RUN | RETURNS | STATISTICS & PROBABILITY | Consumption-investment optimization | PORTFOLIO SELECTION | STRATEGIES | BUSINESS, FINANCE | MATHEMATICS, INTERDISCIPLINARY APPLICATIONS | Epstein-Zin utility | QUADRATIC GROWTH | STOCHASTIC DIFFERENTIAL UTILITY | PREFERENCES | RECURSIVE UTILITY | CONSTRAINTS | SOCIAL SCIENCES, MATHEMATICAL METHODS | VOLATILITY | Studies | Risk aversion | Investments | Differential equations | Mathematical models | Optimization

Backward stochastic differential equation | Epstein–Zin utility | G11 | Economic Theory/Quantitative Economics/Mathematical Methods | Probability Theory and Stochastic Processes | Mathematics | Quantitative Finance | Finance, general | 93E20 | Consumption–investment optimization | 91G10 | Statistics for Business/Economics/Mathematical Finance/Insurance | D91 | LONG-RUN | RETURNS | STATISTICS & PROBABILITY | Consumption-investment optimization | PORTFOLIO SELECTION | STRATEGIES | BUSINESS, FINANCE | MATHEMATICS, INTERDISCIPLINARY APPLICATIONS | Epstein-Zin utility | QUADRATIC GROWTH | STOCHASTIC DIFFERENTIAL UTILITY | PREFERENCES | RECURSIVE UTILITY | CONSTRAINTS | SOCIAL SCIENCES, MATHEMATICAL METHODS | VOLATILITY | Studies | Risk aversion | Investments | Differential equations | Mathematical models | Optimization

Journal Article

Stochastics: Proceedings of the Hammamet Conference, 19-23 October 2015, ISSN 1744-2508, 10/2017, Volume 89, Issue 6-7, pp. 994 - 1014

We introduce the concept of singular recursive utility. This leads to a kind of singular backward stochastic differential equation (BSDE) which, to the best of...

singular jump-diffusion processes | optimal control problem | singular backward stochastic differential equation | generalized Skorohod reflection problem | stochastic maximum principle | Singular recursive utility | optimal consumption | MATHEMATICS, APPLIED | STOCHASTIC DIFFERENTIAL UTILITY | STATISTICS & PROBABILITY | CONTINUOUS-TIME

singular jump-diffusion processes | optimal control problem | singular backward stochastic differential equation | generalized Skorohod reflection problem | stochastic maximum principle | Singular recursive utility | optimal consumption | MATHEMATICS, APPLIED | STOCHASTIC DIFFERENTIAL UTILITY | STATISTICS & PROBABILITY | CONTINUOUS-TIME

Journal Article

Journal of Economic Theory, ISSN 0022-0531, 01/2018, Volume 173, pp. 118 - 141

We consider convex dynamic programs with general (bounded) recursive utilities. The Contraction Mapping Theorem fails when the utility aggregator does not obey...

Bellman operator | Thompson aggregator | Recursive utility | EXISTENCE | RETURNS | BELLMAN EQUATION | ECONOMICS | OPTIMAL-GROWTH | UNIQUENESS

Bellman operator | Thompson aggregator | Recursive utility | EXISTENCE | RETURNS | BELLMAN EQUATION | ECONOMICS | OPTIMAL-GROWTH | UNIQUENESS

Journal Article

Econometrica, ISSN 0012-9682, 3/2007, Volume 75, Issue 2, pp. 503 - 536

An extension to Ellsberg's experiment demonstrates that attitudes to ambiguity and compound objective lotteries are tightly associated. The sample is...

Risk aversion | Bundling | Betting | Reservation prices | Expected values | Lotteries | Expected utility | Modeling | Frequentism | Ambiguity | maxmin expected utility | Uncertainty aversion | rule rationality | anticipated utility | nonexpected utility | rank dependent utility | bundling | reduction of compound lotteries | probabilistic sophistication | recursive utility | compound independence | Compound independence | Rank dependent utility | Anticipated utility | Reduction of compound lotteries nonexpected utility | Maxmin expected utility | Probabilistic sophistication | Recursive utility | Rule rationality | DEFINITION | PREFERENCE REVERSAL PHENOMENON | STATISTICS & PROBABILITY | RISK-AVERSION | uncertainty aversion | MATHEMATICS, INTERDISCIPLINARY APPLICATIONS | SUBJECTIVE-PROBABILITY | DECISION-MAKING | SOCIAL SCIENCES, MATHEMATICAL METHODS | AMBIGUITY | ECONOMICS | INDEPENDENCE AXIOM

Risk aversion | Bundling | Betting | Reservation prices | Expected values | Lotteries | Expected utility | Modeling | Frequentism | Ambiguity | maxmin expected utility | Uncertainty aversion | rule rationality | anticipated utility | nonexpected utility | rank dependent utility | bundling | reduction of compound lotteries | probabilistic sophistication | recursive utility | compound independence | Compound independence | Rank dependent utility | Anticipated utility | Reduction of compound lotteries nonexpected utility | Maxmin expected utility | Probabilistic sophistication | Recursive utility | Rule rationality | DEFINITION | PREFERENCE REVERSAL PHENOMENON | STATISTICS & PROBABILITY | RISK-AVERSION | uncertainty aversion | MATHEMATICS, INTERDISCIPLINARY APPLICATIONS | SUBJECTIVE-PROBABILITY | DECISION-MAKING | SOCIAL SCIENCES, MATHEMATICAL METHODS | AMBIGUITY | ECONOMICS | INDEPENDENCE AXIOM

Journal Article

Journal of Economic Theory, ISSN 0022-0531, 05/2014, Volume 151, Issue 1, pp. 528 - 550

We establish a convergence theorem that shows that discrete-time recursive utility, as developed by Kreps and Porteus [21], converges to stochastic...

Stochastic differential utility | Backward stochastic differential equation | Recursive utility | Convergence | RARE DISASTERS | APPROXIMATION | STABILITY | LONG-RUN | RESOLUTION | RISK | CHOICE | NONEXPECTED UTILITY | EQUITY PREMIUM | ECONOMICS | CONSUMPTION

Stochastic differential utility | Backward stochastic differential equation | Recursive utility | Convergence | RARE DISASTERS | APPROXIMATION | STABILITY | LONG-RUN | RESOLUTION | RISK | CHOICE | NONEXPECTED UTILITY | EQUITY PREMIUM | ECONOMICS | CONSUMPTION

Journal Article

9.
Full Text
Backstepping-based nonlinear adaptive control for coal-fired utility boiler-turbine units

Applied Energy, ISSN 0306-2619, 2011, Volume 88, Issue 3, pp. 814 - 824

The control system of boiler-turbine unit plays an important role in improving efficiency and reducing emissions of power generation unit. The nonlinear,...

Wide-range performance | Boiler-turbine unit control system | Nonlinear adaptive control | Backstepping | Recursive structure | Coal-fired power generation unit | DESIGN | ENERGY & FUELS | STEAM PRESSURE | POWER | ENGINEERING, CHEMICAL | MODELS | OPTIMIZATION | Coal-fired power generation unit Boiler-turbine unit control system Backstepping Nonlinear adaptive control Recursive structure Wide-range performance | Control systems | Electric utilities | Electric power production | Air quality management | Analysis | Preprocessing | Inlet pressure | Laws | Control systems design | Steam pipes | Nonlinearity | Boilers | Adaptive control

Wide-range performance | Boiler-turbine unit control system | Nonlinear adaptive control | Backstepping | Recursive structure | Coal-fired power generation unit | DESIGN | ENERGY & FUELS | STEAM PRESSURE | POWER | ENGINEERING, CHEMICAL | MODELS | OPTIMIZATION | Coal-fired power generation unit Boiler-turbine unit control system Backstepping Nonlinear adaptive control Recursive structure Wide-range performance | Control systems | Electric utilities | Electric power production | Air quality management | Analysis | Preprocessing | Inlet pressure | Laws | Control systems design | Steam pipes | Nonlinearity | Boilers | Adaptive control

Journal Article

Management Science, ISSN 0025-1909, 5/2018, Volume 64, Issue 5, pp. 2308 - 2324

Capital gains taxation has important implications for investors’ portfolio choice decisions. To explore these implications, we develop a continuous time...

capital gains tax | regime switching | portfolio selection | recursive utility | Portfolio selection | Recursive utility | Capital gains tax | Regime switching | PRICES | MANAGEMENT | TRANSACTION COSTS | RETURNS | TIME | OPTIMAL INVESTMENT | ALLOCATION | MARKET EQUILIBRIUM | OPTIMAL CONSUMPTION | OPERATIONS RESEARCH & MANAGEMENT SCIENCE | MULTIPLE RISKY ASSETS | Models | Portfolio management | Methods | Investment analysis | Tax law | Taxation | Analysis

capital gains tax | regime switching | portfolio selection | recursive utility | Portfolio selection | Recursive utility | Capital gains tax | Regime switching | PRICES | MANAGEMENT | TRANSACTION COSTS | RETURNS | TIME | OPTIMAL INVESTMENT | ALLOCATION | MARKET EQUILIBRIUM | OPTIMAL CONSUMPTION | OPERATIONS RESEARCH & MANAGEMENT SCIENCE | MULTIPLE RISKY ASSETS | Models | Portfolio management | Methods | Investment analysis | Tax law | Taxation | Analysis

Journal Article

Journal of Economic Theory, ISSN 0022-0531, 07/2015, Volume 158, pp. 21 - 32

Calibration results in Rabin (2000) and Safra and Segal (2008, 2009) suggest that both expected and non-expected utility theories cannot produce non-negligible...

Risk aversion | Calibration | Recursive preferences | Non-expected utility theories | DISAPPOINTMENT AVERSION | RISK-AVERSION | CHOICE | EXPECTED-UTILITY | PREFERENCES | UNCERTAINTY | ALLAIS-TYPE | ECONOMICS | ANTICIPATED UTILITY | INDEPENDENCE AXIOM | VIOLATIONS

Risk aversion | Calibration | Recursive preferences | Non-expected utility theories | DISAPPOINTMENT AVERSION | RISK-AVERSION | CHOICE | EXPECTED-UTILITY | PREFERENCES | UNCERTAINTY | ALLAIS-TYPE | ECONOMICS | ANTICIPATED UTILITY | INDEPENDENCE AXIOM | VIOLATIONS

Journal Article

Economics Letters, ISSN 0165-1765, 02/2018, Volume 163, pp. 10 - 12

This paper investigates the first-order differentiability properties of the value function in dynamic economic models with recursive preferences where the...

First-order differentiability | Dynamic economic models | Recursive utility | ECONOMICS | Mathematical optimization | Analysis | Business schools

First-order differentiability | Dynamic economic models | Recursive utility | ECONOMICS | Mathematical optimization | Analysis | Business schools

Journal Article

Journal of Money, Credit and Banking, ISSN 0022-2879, 03/2016, Volume 48, Issue 2-3, pp. 325 - 362

We study the portfolio decision of a household with limited information‐processing capacity (rational inattention [RI]) in a setting with recursive utility. We...

rational inattention | D53 | portfolio choice | G11 | long‐run consumption risk | D81 | recursive utility | asset pricing | Portfolio choice | Recursive utility | Rational inattention | Asset pricing | Long-run consumption risk | BUSINESS, FINANCE | long-run consumption risk | INFORMATION | RETURNS | RESOLUTION | UNCERTAINTY | ECONOMICS | Capital assets pricing model | Equilibrium (Economics) | Portfolio management | Analysis | Recursive functions

rational inattention | D53 | portfolio choice | G11 | long‐run consumption risk | D81 | recursive utility | asset pricing | Portfolio choice | Recursive utility | Rational inattention | Asset pricing | Long-run consumption risk | BUSINESS, FINANCE | long-run consumption risk | INFORMATION | RETURNS | RESOLUTION | UNCERTAINTY | ECONOMICS | Capital assets pricing model | Equilibrium (Economics) | Portfolio management | Analysis | Recursive functions

Journal Article

1990, Working paper series / Dept. of Economics and Institute for Policy Analysis, University of Toronto, Volume no. 9005, 25, [1]

Book

Mathematical Control and Related Fields, ISSN 2156-8472, 2018, Volume 8, Issue 3-4, pp. 753 - 775

This paper concerns the recursive utility maximization problem. We assume that the coefficients of the wealth equation and the recursive utility are concave....

Nonlinear equation | Recursive utility optimization | Saddle point | Convex duality | Nonsmooth coefficient | MATHEMATICS, APPLIED | STOCHASTIC DIFFERENTIAL-EQUATIONS | MARKET | nonsmooth coefficient | PORTFOLIO SELECTION | MAXIMIZATION | DYNAMIC MAXIMUM PRINCIPLE | MATHEMATICS | AMBIGUOUS VOLATILITY | INVESTOR | saddle point | CONSTRAINTS | DUALITY | CONTINUOUS-TIME | convex duality | nonlinear equation

Nonlinear equation | Recursive utility optimization | Saddle point | Convex duality | Nonsmooth coefficient | MATHEMATICS, APPLIED | STOCHASTIC DIFFERENTIAL-EQUATIONS | MARKET | nonsmooth coefficient | PORTFOLIO SELECTION | MAXIMIZATION | DYNAMIC MAXIMUM PRINCIPLE | MATHEMATICS | AMBIGUOUS VOLATILITY | INVESTOR | saddle point | CONSTRAINTS | DUALITY | CONTINUOUS-TIME | convex duality | nonlinear equation

Journal Article

Journal of Mathematical Economics, ISSN 0304-4068, 01/2014, Volume 50, Issue 1, pp. 269 - 282

This paper formulates a model of utility for a continuous time framework that captures the decision-maker’s concern with ambiguity about both the drift and...

Quasisure analysis | Recursive utility | Robust stochastic volatility | Undominated measures | [formula omitted]-Brownian motion | Ambiguity | G-Brownian motion | MATHEMATICS, INTERDISCIPLINARY APPLICATIONS | Ambiguity Recursive utility | RISK | SOCIAL SCIENCES, MATHEMATICAL METHODS | ECONOMICS

Quasisure analysis | Recursive utility | Robust stochastic volatility | Undominated measures | [formula omitted]-Brownian motion | Ambiguity | G-Brownian motion | MATHEMATICS, INTERDISCIPLINARY APPLICATIONS | Ambiguity Recursive utility | RISK | SOCIAL SCIENCES, MATHEMATICAL METHODS | ECONOMICS

Journal Article

Econometrica, ISSN 0012-9682, 3/1992, Volume 60, Issue 2, pp. 353 - 394

This paper presents a stochastic differential formulation of recursive utility. Sufficient conditions are given for existence, uniqueness, time consistency,...

Risk aversion | Lipschitz condition | Utility models | Utility functions | Differential equations | Uniqueness | Differentials | Search services | Economic utility | Expected utility | STOCHASTIC CONTROL | SECURITIES | J PS SOCIAL SCIENCES, MATHEMATICAL METHODS | RESOLUTION | EQUATIONS | BELLMAN EQUATION | STATISTICS & PROBABILITY | CHOICE UNDER UNCERTAINTY | RISK-AVERSION | OPTIMAL-GROWTH | J GY ECONOMICS | EXPECTED UTILITY | CHOICE | PREFERENCES | RECURSIVE UTILITY | UNCERTAINTY | MATHEMATICS, MISCELLANEOUS | CONSUMPTION | Stochastic analysis | Models | Research | Utility theory | Recursive functions

Risk aversion | Lipschitz condition | Utility models | Utility functions | Differential equations | Uniqueness | Differentials | Search services | Economic utility | Expected utility | STOCHASTIC CONTROL | SECURITIES | J PS SOCIAL SCIENCES, MATHEMATICAL METHODS | RESOLUTION | EQUATIONS | BELLMAN EQUATION | STATISTICS & PROBABILITY | CHOICE UNDER UNCERTAINTY | RISK-AVERSION | OPTIMAL-GROWTH | J GY ECONOMICS | EXPECTED UTILITY | CHOICE | PREFERENCES | RECURSIVE UTILITY | UNCERTAINTY | MATHEMATICS, MISCELLANEOUS | CONSUMPTION | Stochastic analysis | Models | Research | Utility theory | Recursive functions

Journal Article

Proceedings of the National Academy of Sciences of the United States of America, ISSN 0027-8424, 7/2012, Volume 109, Issue 30, pp. 11967 - 11972

Recursive utility models that feature investor concerns about the intertemporal composition of risk are used extensively in applied research in macroeconomics...

Risk aversion | Consumption | Utility models | Economic growth models | Eigenvalues | Markov processes | Eigenfunctions | Economic growth rate | Macroeconomics | Recursion | UNCERTAINTY | CHOICE | LARGE DEVIATIONS | MULTIDISCIPLINARY SCIENCES | RESOLUTION | Economic Development - statistics & numerical data | Models, Econometric | Markov Chains | Risk Assessment | Stochastic Processes | Humans | Mathematical economics | Stochastic analysis | Research | Difference equations | Social Sciences

Risk aversion | Consumption | Utility models | Economic growth models | Eigenvalues | Markov processes | Eigenfunctions | Economic growth rate | Macroeconomics | Recursion | UNCERTAINTY | CHOICE | LARGE DEVIATIONS | MULTIDISCIPLINARY SCIENCES | RESOLUTION | Economic Development - statistics & numerical data | Models, Econometric | Markov Chains | Risk Assessment | Stochastic Processes | Humans | Mathematical economics | Stochastic analysis | Research | Difference equations | Social Sciences

Journal Article

Hydrological Processes, ISSN 0885-6087, 09/2017, Volume 31, Issue 20, pp. 3458 - 3471

Historically, paired watershed studies have been used to quantify the hydrological effects of land use and management practices by concurrently monitoring 2...

block bootstrap resampling | model uncertainty | moving sums | silvicultural operations | geometric regression | bioenergy | water table | recursive residuals | NORTH-CAROLINA | AREA INDEX LAI | WATER RESOURCES | MANAGEMENT-PRACTICES | LOBLOLLY-PINE | SITE PREPARATION | COASTAL-PLAIN | PINUS-TAEDA L | CONTROLLED DRAINAGE | HYDROLOGY | BOOTSTRAP METHODS | Analysis | Externalities (Economics) | Emergent vegetation | Silviculture | Change detection | Pretreatment of water | Pine trees | Leaf area | Parameter identification | Coefficients | Sums | Regressions | Leaves | Elevation | Regression models | Control | Historical account | Understory | Pretreatment | Regression coefficients | Watersheds | Rainfall | Data processing | Calibration | Land use management | Land use | Externalities | Hydrology | Water table | Pine | Detection | Water tables | Leaf area index

block bootstrap resampling | model uncertainty | moving sums | silvicultural operations | geometric regression | bioenergy | water table | recursive residuals | NORTH-CAROLINA | AREA INDEX LAI | WATER RESOURCES | MANAGEMENT-PRACTICES | LOBLOLLY-PINE | SITE PREPARATION | COASTAL-PLAIN | PINUS-TAEDA L | CONTROLLED DRAINAGE | HYDROLOGY | BOOTSTRAP METHODS | Analysis | Externalities (Economics) | Emergent vegetation | Silviculture | Change detection | Pretreatment of water | Pine trees | Leaf area | Parameter identification | Coefficients | Sums | Regressions | Leaves | Elevation | Regression models | Control | Historical account | Understory | Pretreatment | Regression coefficients | Watersheds | Rainfall | Data processing | Calibration | Land use management | Land use | Externalities | Hydrology | Water table | Pine | Detection | Water tables | Leaf area index

Journal Article

Journal of Financial Economics, ISSN 0304-405X, 02/2015, Volume 115, Issue 2, pp. 361 - 382

This paper considers asset pricing models with stochastic differential utility incorporating decision makers׳ concern with ambiguity on true probability...

Stochastic differential utility | Ambiguity aversion | Martingale regression | Continuous-time conditional mean model | Time change | Mixed frequency data | Recursive utility | Multiple priors | C32 | C13 | G12 | INTERTEMPORAL SUBSTITUTION | LONG-RUN | RISK-AVERSION | ELASTICITY | STOCK RETURNS | BUSINESS, FINANCE | ECONOMICS | CONSUMPTION | ECONOMETRIC-ANALYSIS | Models | School facilities | Analysis | Pricing | Education parks

Stochastic differential utility | Ambiguity aversion | Martingale regression | Continuous-time conditional mean model | Time change | Mixed frequency data | Recursive utility | Multiple priors | C32 | C13 | G12 | INTERTEMPORAL SUBSTITUTION | LONG-RUN | RISK-AVERSION | ELASTICITY | STOCK RETURNS | BUSINESS, FINANCE | ECONOMICS | CONSUMPTION | ECONOMETRIC-ANALYSIS | Models | School facilities | Analysis | Pricing | Education parks

Journal Article