CONSUMPTION AND ASSET RETURNS UNDER NON-EXPECTED UTILITY - SOME NEW EVIDENCE

被引：9

作者：

BUFMAN, G

LEIDERMAN, L

机构：

[1] Tel-Aviv University, Ramat Aviv

来源：

ECONOMICS LETTERS | 1990年 / 34卷 / 03期

关键词：

D O I：

10.1016/0165-1765(90)90122-H

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper implements on quarterly time series data for Israel the orthogonality conditions derived from an intertemporal consumption-based asset pricing model with non-expected utility. The model's restrictions are not rejected by the sample information and there is evidence against the commonly used expected-utility formulation. © 1990.

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页码：231 / 235

页数：5

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