2 citations · 2 across the 5 of their papers we have counts for
6 papers
Uniqueness of Recursive Utility with Unbounded Consumption and Non-Expected Utility
Luigi Montrucchio, Lorenzo Stanca
We derive sufficient conditions for the existence, non-existence, uniqueness and global attractivity of stochastic recursive utilities. Our approach uses abstract order-theoretic f…
Absolute and Relative Ambiguity Attitudes
Francesco Fabbri, Giulio Principi, Lorenzo Stanca
We represent preferences that exhibit absolute or relative attitudes towards ambiguity without assuming convexity of preferences. Our analysis is motivated by the recent experiment…
Affine Gateaux Differentials and the von Mises Statistical Calculus
Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci +2
This paper presents a general study of one-dimensional differentiability for functionals defined on convex domains that are not necessarily open. The local approximation is carried…
A Nonlinear Sandwich Theorem
Mario Ghossoub, Giulio Principi, Lorenzo Stanca
We provide a Sandwich Theorem (König (1972)) for positively homogeneous functionals that satisfy additivity only on a restricted domain. Our relaxation of additivity is based on a…
Recursive Preferences and Ambiguity Attitudes
Massimo Marinacci, Giulio Principi, Lorenzo Stanca
Monotonicity and recursivity are central assumptions in intertemporal consumption problems under ambiguity. We show that monotone recursive preferences admit both a recursive and a…
Recursive Preferences, Correlation Aversion, and the Temporal Resolution of Uncertainty
Lorenzo Maria Stanca
This paper investigates a novel behavioral feature of recursive preferences: aversion to risks that persist over time, or simply \textit{correlation aversion}. Greater persistence…