A note on demand for information: the OCE preferences case

Authors
Giannikos, CI
Citation
Ci. Giannikos, A note on demand for information: the OCE preferences case, ECON LETT, 71(3), 2001, pp. 355-358
Citations number
8
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
71
Issue
3
Year of publication
2001
Pages
355 - 358
Database
ISI
SICI code
0165-1765(200106)71:3<355:ANODFI>2.0.ZU;2-M
Abstract
This paper considers the optimal decisions of an investor with 'ordinal cer tainty equivalent' preferences. We prove that, if risk preferences are of t he 'constant absolute risk aversion' type, optimal demand for the risky ass et and information are independent of time preferences. (C) 2001 Elsevier S cience B.V. All rights reserved.