{"entities":{"Q698350":{"pageid":700199,"ns":120,"title":"Item:Q698350","lastrevid":63604095,"modified":"2026-04-11T14:17:12Z","type":"item","id":"Q698350","labels":{"en":{"language":"en","value":"Asset pricing with endogeneous aspirations"}},"descriptions":{"en":{"language":"en","value":"scientific article; zbMATH DE number 1802764"}},"aliases":{},"claims":{"P31":[{"mainsnak":{"snaktype":"value","property":"P31","hash":"fd5912e4dab4b881a8eb0eb27e7893fef55176ad","datavalue":{"value":{"entity-type":"item","numeric-id":56887,"id":"Q56887"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q698350$819B3656-F289-4706-A95C-B99E6F9DFBDB","rank":"normal"}],"P159":[{"mainsnak":{"snaktype":"value","property":"P159","hash":"cdfe8635fdac08473e7336a68c05fb3f467e03b1","datavalue":{"value":{"text":"Asset pricing with endogeneous aspirations","language":"en"},"type":"monolingualtext"},"datatype":"monolingualtext"},"type":"statement","id":"Q698350$A6037EF2-8DAA-4061-B750-121CFA55120F","rank":"normal"}],"P225":[{"mainsnak":{"snaktype":"value","property":"P225","hash":"668e99229fcaba15992849bc14e1ac1ca8f3d828","datavalue":{"value":"1013.60040","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q698350$BCE74B18-6EE4-4337-9DB6-DD947D9D0C1F","rank":"normal"}],"P16":[{"mainsnak":{"snaktype":"value","property":"P16","hash":"9c2079a1ccb68717f69619f9cbbf2ab8b0c788b9","datavalue":{"value":{"entity-type":"item","numeric-id":198438,"id":"Q198438"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q698350$56469621-BE9C-4E97-912E-F80035D359D1","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P16","hash":"f582dbe133a3b6c8bfe038367ffefc461e7c5c37","datavalue":{"value":{"entity-type":"item","numeric-id":198440,"id":"Q198440"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q698350$338361B9-2A00-43DF-B1D3-83F43BC8C744","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P16","hash":"cd900e155db7b809b311bc118360bb735559ed89","datavalue":{"value":{"entity-type":"item","numeric-id":1264419,"id":"Q1264419"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q698350$C2120D6D-B3ED-44AD-B664-35B69460FA03","rank":"normal"}],"P200":[{"mainsnak":{"snaktype":"value","property":"P200","hash":"775294cff3561b933cea5bdb7d090f498a09037c","datavalue":{"value":{"entity-type":"item","numeric-id":206421,"id":"Q206421"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q698350$9F95C5D8-3EB2-48BE-B063-6908BBA1E97F","rank":"normal"}],"P28":[{"mainsnak":{"snaktype":"value","property":"P28","hash":"823da9fe56b47703dab41bcbcac401af118423d2","datavalue":{"value":{"time":"+2002-10-21T00:00:00Z","timezone":0,"before":0,"after":0,"precision":11,"calendarmodel":"http://www.wikidata.org/entity/Q1985727"},"type":"time"},"datatype":"time"},"type":"statement","id":"Q698350$6BE65A5C-8ECB-47F8-AB88-9213F69AA55F","rank":"normal"}],"P1448":[{"mainsnak":{"snaktype":"value","property":"P1448","hash":"96f05ed75ac9a574455d711135be6efca9e7c9c2","datavalue":{"value":"The authors develop the classical asset pricing analysis assuming that the representative agent of a Lucas's equilibrium model is characterized by an instantaneous utility which is as usual a function of the consumption but which is also affected negatively by a process describing the agent's aspiration. This aspiration is given by a linear combination of the current habit (forward term) and of the conditional expectation of the habit at the end of the agent's life (backward term). Using the forward-backward SDE's theory, the authors solve the optimal consumption problem and compute the Arrow-Debreu price process, the interest rate at equilibrium and the asset risk premium assuming that the endowment process belongs to the It\u00f4 processes class and using Malliavin calculus techniques.","type":"string"},"datatype":"string"},"type":"statement","id":"Q698350$088427D7-9B17-471E-B0A7-FD3017218EE1","rank":"normal"}],"P226":[{"mainsnak":{"snaktype":"value","property":"P226","hash":"b1355fbb4f7dce5b1a2a667a659d4b16ecef07e4","datavalue":{"value":"60H10","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q698350$D951668C-420A-4567-A73D-4DE111ABC0C6","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"662a15c969a3e9b9201184d54187bd341d8c9f5f","datavalue":{"value":"91B16","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q698350$18D11FA1-0424-4AC3-8CEC-1CD43A76F586","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"4187c789cd3cc2284fdbe869bc1aa730ffdee026","datavalue":{"value":"60H07","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q698350$A7C7FEA6-D0B7-4409-B078-186FDF723305","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P226","hash":"9fa3e81bd1d73482efe437e765d72accba82d844","datavalue":{"value":"91G80","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q698350$E35BACCB-FACB-469C-8EA5-46DF4FC99E9D","rank":"normal"}],"P1451":[{"mainsnak":{"snaktype":"value","property":"P1451","hash":"c9ae802df393dc610efc6efb87325c67f02b577b","datavalue":{"value":"1802764","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q698350$E7FEAB8B-1DC6-4228-B911-1BC438F01118","rank":"normal"}],"P1450":[{"mainsnak":{"snaktype":"value","property":"P1450","hash":"cbbbdd8de8f6e63ad240ff216296df6abb85750b","datavalue":{"value":"asset pricing theory","type":"string"},"datatype":"string"},"type":"statement","id":"Q698350$F8205597-B8CD-4D7D-9A3C-7B40403BE35B","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"3d48e1c5290c4d6873418de2ba7b4b9d82235b99","datavalue":{"value":"forward-backward stochastic differential equations","type":"string"},"datatype":"string"},"type":"statement","id":"Q698350$7F6AC433-20F4-4BDC-B897-7BF998C9AE9C","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"16ec1e4d2e07e70ba665494c195b47594e105fdd","datavalue":{"value":"asset pricing analysis","type":"string"},"datatype":"string"},"type":"statement","id":"Q698350$9765BE2C-5DA0-4B1E-807E-114C212C7DCD","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"6eb466c46d5b8300164f1821c5299b776115f3ce","datavalue":{"value":"Arrow-Debreu price","type":"string"},"datatype":"string"},"type":"statement","id":"Q698350$4C443EBF-FCF7-462D-A5EB-E663A85A05E2","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"79bb7457efa0113570ae5751a00d8c8ea3cac87f","datavalue":{"value":"asset risk premium","type":"string"},"datatype":"string"},"type":"statement","id":"Q698350$861E4519-8C22-48C2-B04B-20F013B0B45F","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"d4a5f3d553b1c0def166f0a61b6918755dba5f60","datavalue":{"value":"It\u00f4 processes","type":"string"},"datatype":"string"},"type":"statement","id":"Q698350$FA5476C6-B925-4BE5-95A3-0B3C82B5BC86","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1450","hash":"6ba54ab9c894cbeae603132fe8d32a6f0e87d6b0","datavalue":{"value":"Malliavin calculus techniques","type":"string"},"datatype":"string"},"type":"statement","id":"Q698350$2FFB912C-3884-45C0-A42D-CE92DD6E6F57","rank":"normal"}],"P1447":[{"mainsnak":{"snaktype":"value","property":"P1447","hash":"127e7db030eebd3380a4df26bc6be81e6c97b01a","datavalue":{"value":{"entity-type":"item","numeric-id":1186089,"id":"Q1186089"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q698350$7005EA19-82BC-4221-9362-B73834CDB5C3","rank":"normal"}],"P1460":[{"mainsnak":{"snaktype":"value","property":"P1460","hash":"57f7fea50d2ce1b39b695c4a1313582eed405e38","datavalue":{"value":{"entity-type":"item","numeric-id":5976449,"id":"Q5976449"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","id":"Q698350$C7359CC4-1DFA-4EA5-9898-FF92E72BB2EA","rank":"normal"}],"P205":[{"mainsnak":{"snaktype":"value","property":"P205","hash":"aa65481dc59f3a9133e3d4f334f6c1f4a78a65a9","datavalue":{"value":"https://doi.org/10.1007/s102030170007","type":"string"},"datatype":"url"},"type":"statement","id":"Q698350$AE8707D9-E8FE-4EB8-ACD3-32F15A57682D","rank":"normal"}],"P388":[{"mainsnak":{"snaktype":"value","property":"P388","hash":"f221d4b48696083d70ddc9c2684e0d83b8393125","datavalue":{"value":"W1999067973","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q698350$AAAD7081-715B-4243-97AE-BDBCCDF5D621","rank":"normal"}],"P27":[{"mainsnak":{"snaktype":"value","property":"P27","hash":"d3dcdc7b23266e2b0396c34468ed93cf179a6de9","datavalue":{"value":"10.1007/S102030170007","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q698350$EDF34DDB-B806-4742-BBDE-FE131ED39A75","rank":"normal"}],"P1643":[{"mainsnak":{"snaktype":"value","property":"P1643","hash":"a6bc3d6fab2590ee0ae47f366a79d928bad953fa","datavalue":{"value":{"entity-type":"item","numeric-id":4646504,"id":"Q4646504"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"e40d93749c6dd37d74b68225124b24aa796fa9b9","datavalue":{"value":{"amount":"+0.8776488","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q698350$62834DDB-A2B1-4B93-908B-490DBFECB4C7","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"05d89334450113af2c5f9de87206f74133fd5de0","datavalue":{"value":{"entity-type":"item","numeric-id":5435660,"id":"Q5435660"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"9839c45b4d553d5eb7a3f7febbbb68e7fbc1471e","datavalue":{"value":{"amount":"+0.87303436","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q698350$12144375-0EF4-4374-8FBC-9D68330DC012","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"a71fc78e96880370d897c1f8f48a387eaf258dfa","datavalue":{"value":{"entity-type":"item","numeric-id":2717440,"id":"Q2717440"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"71b976a59bb673ecc1210f46951a2e8b9da3d36c","datavalue":{"value":{"amount":"+0.8674834","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q698350$4F2ECA3A-2DA6-44F8-B2F8-913B641D8EB9","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"8205e0c5ac12352fb69eb5eaf19557c067356f49","datavalue":{"value":{"entity-type":"item","numeric-id":4241005,"id":"Q4241005"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"c1e53b1adba509942f278ce5f6b2ae7554ed797f","datavalue":{"value":{"amount":"+0.8663114","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q698350$33637AC4-DB39-418C-8FAE-51062A5953FE","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"b545d4fa16a28f693656d8fdec843ca587f95e1c","datavalue":{"value":{"entity-type":"item","numeric-id":3161794,"id":"Q3161794"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"4a9fc9a485e058d6e8fba534bd86fa61ce632039","datavalue":{"value":{"amount":"+0.86605215","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q698350$06756313-B0DD-41C5-AB1C-EA6C3CDF5AB4","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"db1d32debfb98f6689dd5b4eb43890ebe29f50ee","datavalue":{"value":{"entity-type":"item","numeric-id":5880517,"id":"Q5880517"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"be57b330ba148003022cb911e84ed1f630c535ca","datavalue":{"value":{"amount":"+0.86352193","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q698350$B2B12038-042D-4DF1-92A8-5CF518BC024B","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"b16dc220e5de2e77e5b66db3c4cda33ec9714a5b","datavalue":{"value":{"entity-type":"item","numeric-id":5689668,"id":"Q5689668"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"af54dad12e6d390ea9f906199338cae31dafc25b","datavalue":{"value":{"amount":"+0.86114234","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q698350$679A5709-D72D-4039-9607-430BC9A45D35","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"a662fe826ea1c1a0c64d20196321690c491bca18","datavalue":{"value":{"entity-type":"item","numeric-id":5881657,"id":"Q5881657"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"425f5459ee59ee653e10d226fc578c4c12e3d945","datavalue":{"value":{"amount":"+0.8611048","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q698350$F28ED953-4CFE-4B31-9F4C-7FB92B3348D9","rank":"normal"},{"mainsnak":{"snaktype":"value","property":"P1643","hash":"1b01f4dacb12ebadc7d4f4bef9a1a8c320d771db","datavalue":{"value":{"entity-type":"item","numeric-id":2687881,"id":"Q2687881"},"type":"wikibase-entityid"},"datatype":"wikibase-item"},"type":"statement","qualifiers":{"P1659":[{"snaktype":"value","property":"P1659","hash":"cb8e0edf51a928dae9e7c29775768977ffb39986","datavalue":{"value":{"amount":"+0.86080265","unit":"1"},"type":"quantity"},"datatype":"quantity"}],"P1660":[{"snaktype":"value","property":"P1660","hash":"ac3c626774dcd0d16f89557f66586245841a01db","datavalue":{"value":{"entity-type":"item","numeric-id":6767936,"id":"Q6767936"},"type":"wikibase-entityid"},"datatype":"wikibase-item"}]},"qualifiers-order":["P1659","P1660"],"id":"Q698350$98F64604-7495-4A91-A1DE-2CDD1E506573","rank":"normal"}]},"sitelinks":{"mardi":{"site":"mardi","title":"Asset pricing with endogeneous aspirations","badges":[],"url":"https://portal.mardi4nfdi.de/wiki/Asset_pricing_with_endogeneous_aspirations"}}}}}