Article ID Journal Published Year Pages File Type
5059877 Economics Letters 2012 5 Pages PDF
Abstract
► Growth models under uncertainty and constant relative risk aversion are fragile in explaining consumers' choice. ► We assume a semi-nonparametric distribution for log-consumption. ► Consistency in choice theory under uncertainty and Bayesian learning is recovered.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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