Do Time Preferences Matter in Intertemporal Consumption and Portfolio Decisions?
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DOI: 10.1515/bejte-2017-0122
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More about this item
Keywords
hyperbolic discounting; time consistency; equivalent approximation approach; HJB equation; consumption and portfolio rules;All these keywords.
JEL classification:
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
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