The Ellsberg paradox suggests that people's behavior is different in risky situations—when
they are given objective probabilities—from their behavior in ambiguous situations—when …

… Epstein, Margaret M. Esiri, Felice Giangaspero, Georg Gosztonyi, Francoise Gray, John W.
Griffin, Dominique Hénin, Yuzo Iwasaki, Robert S. …

Methods The development of the content followed the customary consensus methodology
based on a comprehensive review of published data and on the experience of a …

… The empirical performance of our recursive utility specifications is explored in Epstein
and … Thus, our second point is that we can test (see Epstein and Zin (1989)) whether …

In 1991, the AIDS Task Force of the American Academy of Neurology published nomenclature
and research case definitions to guide the diagnosis of neurologic manifestations of HIV-1 …

… As noted in the Introduction, the model considered in this paper was studied in detail in
Epstein and Zin (1989) (to which the reader is referred for a complete analysis). In this section we …

The concepts of risk and risk aversion are cornerstones of a broad range of models in
economics and finance. In contrast, relatively little attention is paid in formal models to the …

… A discrete-time analogue of the utility model studied in this paper appears in Epstein and
Zin (1989), which builds upon Kreps and Porteus (1978). The former paper pointed out the …

This paper axiomatizes an intertemporal version of multiple-priors utility. A central axiom is
dynamic consistency, which leads to a recursive structure for utility, to ‘rectangular’ sets of …

… is the counterpart for our framework of the usual definition (eg Epstein and Zin (1989), Duffie
… that K(ωt) is a single probability measure (see Epstein and LeBreton (1993)). This difficulty …