A Note on the Relation between Risk Aversion, Intertemporal
Substitution and Timing of the Resolution of Uncertainty

Johanna Etner

Epstein and Zin (1989) axiomatization allows the distinction between risk aversion and intertemporal substitution. Kreps and Porteus (1978) one introduces the concept of timing of resolution of uncertainty. This paper proposes to generalize the link between these three concepts.