|
Archive@NYU >
Stern School of Business >
Economics Working Papers >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/26114
|
| Title: | "Recursive Preferences," |
| Authors: | Backus, David
Routledge, Bryan R.
Zin, Stanley E. |
| Keywords: | time preference
risk
uncertainty
ambiguity
robust control
temptation
dynamic consistency
hyperbolic discounting
precautionary saving
equity premium
risk sharing |
| Issue Date: | 5-Dec-2005 |
| Series/Report no.: | EC-05-19 |
| Abstract: | We summarize the class of recursive preferences. These preferences fit
naturally with recursive solution methods and hold the promise of
generating new insights into familiar problems. Portfolio choice is used
as an example. |
| URI: | http://hdl.handle.net/2451/26114 |
| Appears in Collections: | Economics Working Papers
|
All items in Faculty Digital Archive are protected by copyright, with all rights reserved.
|
