Download This PaperInvestment in Real Assets and Information Acquisition: The Oce Proferences Case
7 Pages Posted: 16 Jun 2002
Date Written: April 8, 2002
Abstract
An agent optimizes over real investment and investment in information acquisition while maximizing a two-period utility that captures his ordinal certainty equivalent (OCE) preferences. Optimal investment is characterized and the impact of risk and time preferences on it is investigated.
Keywords: Information, Ordinal Certainty Equivalent Preferences, Risk Aversion
JEL Classification: D81, E21, G10
Suggested Citation: Suggested Citation
Ozenbas, Deniz and Giannikos, Christos I., Investment in Real Assets and Information Acquisition: The Oce Proferences Case (April 8, 2002). Available at SSRN: https://ssrn.com/abstract=314268 or http://dx.doi.org/10.2139/ssrn.314268
Deniz Ozenbas
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance ( email )
17 Lexington Avenue
New York, NY 10010
United States
646-312-3524 (Phone)
646-312-3451 (Fax)
Christos I. Giannikos (Contact Author)
CUNY - Baruch College ( email )
Dept. of Eco & Fin
Box B10-225
New York, NY New York 10010
United States
646-312-3492 (Phone)
646-312-3451 (Fax)
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