RINCE Preferences

S-Tier
Journal: Quarterly Journal of Economics
Year: 1990
Volume: 105
Issue: 1
Pages: 43-60

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper presents a class of preferences that yield closed-form solutions to dynamic stochastic choice problems. These preferences are based on a set of axioms that were proposed by Kreps and Porteus. The Kreps-Porteus axioms allow one to separate an agent's attitudes to risk from his or her intertemporal elasticity of substitution. RINCE preferences have the properties of Risk Neutrality and Constant Elasticity of substitution.

Technical Details

RePEc Handle
repec:oup:qjecon:v:105:y:1990:i:1:p:43-60.
Journal Field
General
Author Count
1
Added to Database
2026-01-25