1
vote
History of the term "standard gamble"
Using Google Scholar's advanced search with the publication date filters turns up a number of sources prior to 1972. Note that not all of the results are actually published before 1972 as some of the ...
- 849
1
vote
Accepted
Expectations operator in Euler equation
No, we don't ignore Jensen's Inequality. You made a mistake in taking the derivative with respect to $C_{t+1}$. The household needs to decide at time $t+i$. Start with
$$\mathcal{L} = E_t \sum_{i=0}^{\...
- 1,021
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