Adaptive control of a continuous-time portfolio and consumption model
β Scribed by T. E. Duncan; B. Pasik-Duncan
- Publisher
- Springer
- Year
- 1989
- Tongue
- English
- Weight
- 277 KB
- Volume
- 61
- Category
- Article
- ISSN
- 0022-3239
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π SIMILAR VOLUMES
This paper investigates consumption and portfolio turnpike theorems in a continuous-time model. When the inverse functions of the derivative of utility functions for consumption and investment belong to a special subclass of regularly varying functions, it is shown that optimum portfolio, ΓΏnal wealt
The discrete-time version of continuous-time combined model reference adaptive control (CMRAC) is presented in this paper. A global stability proof of the overall adaptive scheme is given using arguments similar to those used in discrete-time direct model reference adaptive control (DMRAC) but prope