Multivariate Risk Aversion and Intertemporal Substitution：多元风险规避和跨时期的替换.pdfVIP

The Geneva Papers on Risk and Insurance Theory, 17:2 159-169(1992) © 1992 The Geneva Association Multivariate Risk Aversion and Intertemporal Substitution EDWARD E. S C H L E E Department of Economics, Arizona State University, Tempe,AZ 85287-3806 Abstract Researchers often assume that preferences over uncertain consumption streams are representable by where e, is (random) period t consumption. It is moreover often assert