Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10003203873
This study analyzes individual portfolio selection in the presence of background risk. Under the expected utility framework, this study determines necessary and sufficient conditions of utility functions for two-fund monetary separation with independently additive and multiplicative background...
Persistent link: https://www.econbiz.de/10010730249
This study aims to demonstrate the optimal multiperiod dynamic asset allocation for a generalized situation and enable the investor to maximize his expected terminal wealth utility. Previous researches solved this problem constrained by the investor's utility function, the asset return...
Persistent link: https://www.econbiz.de/10003904324
Persistent link: https://www.econbiz.de/10009348293
Persistent link: https://www.econbiz.de/10009011550
Persistent link: https://www.econbiz.de/10009682687
Persistent link: https://www.econbiz.de/10010364815
Persistent link: https://www.econbiz.de/10011341768