Bhamra, Harjoat S. (contributor); Uppal, Raman (contributor) - 2003 - [Elektronische Ressource]
The Role of Risk Aversion and Intertemporal Substitution in
Dynamic Consumption-Portfolio Choice with Recursive Utility … consumption and portfolio choice
of the separation of an investor’s risk aversion and elasticity of intertemporal substitution … parameter. In particular, we study whether the optimal dynamic consumption and
portfolio decisions depend on risk aversion …