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An optimal job, consumption/leisure, and investment policy

✍ Scribed by Shim, Gyoocheol; Shin, Yong Hyun


Book ID
121767714
Publisher
Elsevier Science
Year
2014
Tongue
English
Weight
381 KB
Volume
42
Category
Article
ISSN
0167-6377

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✍ Xikui Wang; Yanqing Yi πŸ“‚ Article πŸ“… 2009 πŸ› John Wiley and Sons 🌐 English βš– 122 KB

## Abstract We consider a financial market consisting of a risky asset and a riskless one, with a constant or random investment horizon. The interest rate from the riskless asset is constant, but the relative return rate from the risky asset is stochastic with an unknown parameter in its distributi