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    Author
    Eden, Benjamin (1)
    SubjectAsset pricing (1)G12 (1)intertemporal elasticity of substitution (1)risk aversion (1)||| (1)... View MoreDate Issued
    2004 (1)
    Has File(s)Yes (1)

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    Substitution and Risk Aversion: Is Risk Aversion Important for Understanding Asset Prices? 

    Eden, Benjamin (Vanderbilt University, 2004)
    This paper uses a recursive time-non-separable expected utility function to separate between the intertemporal elasticity of substitution (IES) and a measure of relative risk aversion to bets in terms of money (RAM). Risk ...

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