%L eprints774 %D 2005 %X This paper shows that the solution of Nakamura's Journal of Economic Behavior and Organization 38 (1999) 357 model is incorrect. We propose an alternative framework that allows us to obtain closed form results on the investment-uncertainty relationship. %K Investment; Uncertainty; Risk aversion; Intertemporal substitution %A Enrico Saltari %A Davide Ticchi %R 10.1016/j.jebo.2003.08.002 %N 1 %J Journal of economic behavior & organization %T Risk-aversion and the investment-uncertainty relationship: a comment %P 121 - 125 %I Elsevier %V 56