Finite horizon consumption and portfolio decisions with stochastic hyperbolic discounting
Year of publication: |
2014
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Authors: | Zou, Ziran ; Chen, Shou ; Wedge, Lei |
Published in: |
Journal of mathematical economics. - Amsterdam [u.a.] : Elsevier, ISSN 0304-4068, ZDB-ID 217625-7. - Vol. 52.2014, p. 70-80
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Subject: | Stochastic hyperbolic discounting | Instantaneous gratification discounting | Consumption and portfolio rules | Time-inconsistency | Finite lifetime | Sophisticated individual | Portfolio-Management | Portfolio selection | Diskontierung | Discounting | Intertemporale Entscheidung | Intertemporal choice | Zeitkonsistenz | Time consistency | Konsumtheorie | Consumption theory |
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