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Investment in Real Assets and Information Acquisition: The OCE Proferences Case

Christos I. Giannikos
CUNY - Baruch College; City University of New York - CUNY The Graduate Center; Columbia University - Columbia Business School

Deniz Ozenbas
City University of New York, CUNY Baruch College - Zicklin School of Business - Department of Economics and Finance; Montclair State University - School of Business

April 8, 2002

EFMA 2002 London Meetings

Abstract:     
An agent optimizes over real investment and investment in information acquisition while maximizing a two-period utility that captures his ordinal certainty equivalent (OCE) preferences. Optimal investment is characterized and the impact of risk and time preferences on it is investigated.

Keywords: Information, Ordinal Certainty Equivalent Preferences, Risk Aversion

JEL Classifications: D81, E21, G10

Working Paper Series

Date posted: June 16, 2002 ; Last revised: July 17, 2002

Suggested Citation

Ozenbas, Deniz and Giannikos, Christos I., Investment in Real Assets and Information Acquisition: The OCE Proferences Case (April 8, 2002). EFMA 2002 London Meetings. Available at SSRN: http://ssrn.com/abstract=314268 or doi:10.2139/ssrn.314268


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Contact Information

Christos I. Giannikos (Contact Author)
CUNY - Baruch College ( email )
Dept. of Eco & Fin
Box B10-225
New York, NY 10010
United States
646-312-3492 (Phone)
646-312-3451 (Fax)
City University of New York - CUNY The Graduate Center ( email )
365 Fifth Avenue
New York,, NY 10016
United States
Columbia University - Columbia Business School ( email )
3022 Broadway
New York, NY 10027
United States
Deniz Ozenbas
City University of New York, CUNY Baruch College - Zicklin School of Business - Department of Economics and Finance ( email )
17 Lexington Avenue
New York, NY 10010
United States
646-312-3524 (Phone)
646-312-3451 (Fax)
Montclair State University - School of Business
Department of Economics and Finance
1 Normal Avenue
Upper Montclair, NJ 07043
United States
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