Etner, Johanna - In: Annals of Economics and Finance 7 (2006) 2, pp. 251-256
Epstein and Zin (1989) axiomatization allows the distinction between risk aversion and intertemporal substitution. Kreps and Porteus (1978) one introduces the concept of timing of resolution of uncertainty. This paper proposes to generalize the link between these three concepts.