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More complete version of Lecture 4

posted Feb 14, 2012, 9:55 PM by Jim Dolmas
Added a bit more about EZ preferences, plus a discussion of the state-dependent preferences in Melino & Yang. I don't think we have time for disappointment aversion.

After this, we'll move on to long-run risk and rare disasters. Lecture 5 notes will probably not be ready before class.
Jim Dolmas,
Feb 14, 2012, 9:55 PM