Larry G. Epstein
Selected Publications
- Increasing
generalized correlation: a definition and some economic
consequences, Can. J. Econ. 1980, with S. Tanny
- Decision
making and the temporal resolution of uncertainty, Int.
Econ. Rev. 1980
- Stationary
cardinal utility and optimal growth under uncertainty, J. Econ. Theory 1983
- The rate of
time preference and dynamic economic analysis, J. Pol. Econ. 1983, with J.
Allan Hynes
- A simple
dynamic general equilibrium model, J. Econ. Theory 1987
- Risk aversion
and asset prices, J.
Mon. Econ. 1988
- A
unifying approach to axiomatic non-expected utility theories,
J. Econ. Theory 1989, with Chew Soo Hong; Correction
and comment, J. Econ. Theory 1993, with Chew Soo
Hong and Peter Wakker
- The
structure of preferences and attitudes towards the timing of
the resolution of uncertainty, Int. Econ. Rev.
1989, with Chew Soo Hong
- Substitution, risk
aversion and the temporal behavior of consumption and asset
returns: a theoretical framework, Econometrica 1989, with S.
Zin
- Nonexpected
utility preferences in a temporal framework with an
application to consumption-savings behavior, J. Econ.
Theory 1990
- First-order
risk aversion and the equity premium puzzle, J. Mon. Econ. 1990, with S.
Zin
- Substitution, risk aversion and the temporal behavior of
consumption and asset returns: an empirical analysis, J. Pol. Econ. 1991, with S. Zin
- Recursive
utility under uncertainty, in M.A. Khan and N.C. Yannelis
eds., Equilibrium Theory in Infinite Dimensional Spaces
1991, with Chew Soo Hong
- Mixture
symmetry and quadratic utility, Econometrica 1991, with Chew Soo Hong and Uzi
Segal
- Stochastic differential
utility, Econometrica
1992, with Darrell Duffie
- Asset pricing
with stochastic differential utility, Rev. Finan. Stud.
1992, with Darrell Duffie
- Quadratic
social welfare functions, J. Pol. Econ. 1992, with Uzi Segal
- Dynamically
consistent beliefs must be Bayesian, J. Econ. Theory 1993, with
Michel LeBreton
- Intertemporal asset
pricing under Knightian uncertainty, Econometrica 1994, with Tan
Wang
- `Beliefs
about beliefs' without probabilities, Econometrica 1996, with Tan
Wang
- Preference,
rationalizability and equilibrium, J. Econ. Theory 1997
- A
definition of uncertainty aversion, Rev. Econ. Stud. 1999
- A revelation
principle for competing mechanisms, J. Econ. Theory 1999, with
Michael Peters
- Are
probabilities used in markets? J. Econ. Theory 2000
- Subjective probabilities
on subjectively unambiguous events, Econometrica 2001, with
Jiankang Zhang
- Sharing ambiguity,
Amer. Econ. Rev. Proceedings,
2001
- The
independence axiom and asset returns, J. Emp. Finan. 2001, with
S. Zin
- Ambiguity,
risk and asset returns in continuous time, Econometrica 2002, with
Zengjing Chen
- Recursive
multiple-priors, J.
Econ. Theory 2003, with Martin Schneider
- An axiomatic model
of non-Bayesian updating, Rev. Econ. Stud. 2006
- Coarse
contingencies and ambiguity, Theoretical Econ. 2007, with M. Marinacci and
K. Seo
- Learning under ambiguity,
Rev. Econ. Stud. 2007,
with Martin Schneider. Supplementary
appendix.
- Ambiguity, information
quality and asset pricing, J. Finance 2008, with Martin Schneider
- Living with
risk, Rev. Econ. Stud.,
2008
- Non-Bayesian
learning, B.E. Journal
of Theoretical Econ. (Advances) 2010, with Jawwad Noor
and Alvaro Sandroni
- Symmetry
of evidence without evidence of symmetry, Theoretical Econ. 2010,
with Kyoungwon Seo
- Ambiguity
and asset markets, Ann.
Review of Finan. Econ. 2010, with Martin Schneider
- A paradox for
the `smooth ambiguity' model of preference, Econometrica 2010
- Symmetry
or dynamic consistency? B.E.
Journal of Theoretical Econ. (Advances) 2011, with
Kyoungwon Seo
- Ambiguous
volatility and asset pricing in continuous time, Rev.
Finan. Stud. 2013, with Shaolin Ji
- Ambiguous
volatility, possibility and utility in continuous time,
J. Math. Econ. 2014, with Shaolin Ji
- De
Finetti meets Ellsberg, Research in Economics
2014, with Kyoungwon Seo
- How
much would you pay to resolve long-run risk? Amer.
Econ. Rev. 2014, with Emmanuel Farhi and Tomasz
Strzalecki. Slides
- Exchangeable
capacities, parameters, and incomplete theories, J.
Econ. Theory 2015, with Kyoungwon Seo
- Robust
confidence regions for incomplete models, Econometrica
2016, with Hiroaki Kaido and Kyoungwon Seo. Supplement
- Ambiguous
correlation, Rev. Econ.
Stud. 2019, with Yoram Halevy. Previously titled "No
two experiments are identical"
- Optimal
learning under robustness and time-consistency, Operations
Research 2022, with Shaolin Ji
- A
central limit theorem for sets of measures, Stochastic
Processes & their Applications, forthcoming, with
Zengjing Chen
Working Papers
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