Title of article
A note on some limitations of CRRA utility
Author/Authors
John Geweke، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2001
Pages
5
From page
341
To page
345
Abstract
In a standard environment for choice under uncertainty with constant relative risk aversion (CRRA), the existence of expected utility is fragile with respect to changes in the distributions of random variables, changes in prior information, or the assumption of rational expectations
Keywords
Bayesian learning , Rational expectations
Journal title
Economics Letters
Serial Year
2001
Journal title
Economics Letters
Record number
434792
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