Optimal consumption with reference to past spending maximum (Q2120541)
From MaRDI portal
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Optimal consumption with reference to past spending maximum |
scientific article |
Statements
Optimal consumption with reference to past spending maximum (English)
0 references
1 April 2022
0 references
exponential utility
0 references
consumption running maximum
0 references
path-dependent reference
0 references
piecewise feedback control
0 references
verification theorem
0 references
0 references
0 references
0 references
0 references
