Kamiya, Kazuya; Ichimura, Hidehiko - Center for International Research on the Japanese … - 1997
In this paper, we consider a two period decision problem, where the feasible set is the set of "certain x uncertain" consumption pairs. That is the decision maker chooses (x, m) in a feasible set, where x is a certain first period consumption and m is a random second period consumption, a Borei...