Optimal consumption choice with intolerance for declining standard of living
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- Riedel, Frank, 2011. "Optimal consumption choice with intolerance for declining standard of living," Center for Mathematical Economics Working Papers 394, Center for Mathematical Economics, Bielefeld University.
References listed on IDEAS
- Sundaresan, Suresh M, 1989. "Intertemporally Dependent Preferences and the Volatility of Consumption and Wealth," Review of Financial Studies, Society for Financial Studies, vol. 2(1), pages 73-89.
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CitationsCitations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
- Watson, John G. & Scott, Jason S., 2014. "Ratchet consumption over finite and infinite planning horizons," Journal of Mathematical Economics, Elsevier, vol. 54(C), pages 84-96.
- Xianzhe Chen & Weidong Tian, 2014. "Optimal portfolio choice and consistent performance," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 37(2), pages 453-474, October.
- Koo, Byung Lim & Koo, Hyeng Keun & Koo, Jung Lim & Hyun, ChongSeok, 2012. "A generalization of Dybvig’s result on portfolio selection with intolerance for decline in consumption," Economics Letters, Elsevier, vol. 117(3), pages 646-649.
More about this item
KeywordsIntertemporal consumption choice; Habit formation; Nontime separable utility;
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
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