On Duality Theory in Intertemporal Choice with Uncertainty

5 Pages Posted: 21 Jun 2011

See all articles by Hersh Shefrin

Hersh Shefrin

Santa Clara University - Leavey School of Business

John M Heineke

Santa Clara University - Leavey School of Business

Date Written: 1979

Abstract

We discuss here the implications that arise for the fundamental duality relationships given by Roy's Identity (1943) and Shephard's Lemma (1953) when the underlying consumer choice problem is dynamic and involves uncertainty.

Suggested Citation

Shefrin, Hersh and Heineke, John M, On Duality Theory in Intertemporal Choice with Uncertainty (1979). Economics Letters, Vol. 3, 1979. Available at SSRN: https://ssrn.com/abstract=1865922

Hersh Shefrin

Santa Clara University - Leavey School of Business ( email )

Dept. of Finance
Santa Clara, CA 95053
United States
408-554-6893 (Phone)
408-554-4029 (Fax)

John M Heineke (Contact Author)

Santa Clara University - Leavey School of Business ( email )

500 El Camino Real
Santa Clara, CA 95053
United States
408-554-4346 (Phone)
408-554-2331 (Fax)

Register to save articles to
your library

Register

Paper statistics

Downloads
46
Abstract Views
335
PlumX Metrics