![HoF Logo](/xmlui/themes/Mirage2/images/HoF_Titel-698-320.png)
Suche
Anzeige der Dokumente 1-1 von 1
Stochastic Differential Utility as the Continuous-Time Limit of Recursive Utility
(2013-05-10)
We establish a convergence theorem that shows that discrete-time recursive utility, as developed by Kreps and Porteus (1978), converges to stochastic differential utility, as introduced by Duffie and Epstein (1992), in the ...