Meyer-Gohde, Alexander - 2017 - This version: August 4, 2017
popular Epstein-Zin-Weil recursive preferences as special cases. Besides providing a model uncertainty rationale to these risk … model uncertainty. Using this measure, I derive a generalized exponential certainty equivalent, which nests the exponential … certainty equivalent of the standard Hansen-Sargent model uncertainty formulation and the power certainty equivalent of the …