Risk Neutral Constant Elasticity (RINCE) preferences and obtained a closed-form solution in the presence of idiosyncratic … risk for income and investment return. His solution, however, implicitly assumes that the natural borrowing limit never …

This article reviews recent developments in revealed preference theory. It discusses the testable implications of … theories of choice that are germane to specific economic environments. The focus is on expected utility in risky environments …, subjected expected utility and maxmin expected utility in the presence of uncertainty, and exponentially discounted utility for …

, we analyze the individual's risk preferences in relation to gaining or losing rank, rather than the individual's risk …-ranked individual is more willing than a low-ranked individual to take risks that can provide him with a rise in rank: relative risk … incorporating (the level of) absolute wealth in the individual's utility function. …

Epstein--Zin stochastic differential utility (EZ-SDU) who invests in a constant-parameter Black-Scholes-Merton market over the … infinite horizon. The parameter combinations that we consider in this paper are such that the risk aversion parameter $R$ and …,1)$) is that there is an infinite family of utility processes associated to every nonzero consumption stream. To deal with …