Bodie, Zvi (contributor); Treussard, Jonathan (contributor); … - 2007
for analysis of life-cycle portfolio choice is a model of the evolution
of an investor, which we can think of as an event … tree.1 Figure 1 illustrates an
event tree for a fictional investor who lives for three periods: youth, prime earning
years …, for example, that our investor wanted to
1In finance, the event tree has become a workhorse tool; it is employed, most …