LaFrance, Jeffrey Thomas; Ball, Eldon V.; Cavazos, Ricardo - Department of Econometrics and Business Statistics, … - 2010
. Expectations processes are notoriously difficult to model, especially when working with aggregated data or risk-averse decision … with economic theory for all von Neumann/Morgenstern risk preferences. We extend this to a general and flexible class of … programming model of risk aversion, asset management, and adjustment costs. …