Non-constant discounting and consumption, portfolio and life insurance rules

DOI10.1016/J.ECONLET.2013.02.023zbMATH Open1282.91160OpenAlexW2062623835MaRDI QIDQ2437201FDOQ2437201

Jorge Navas, Oriol Roch, Jesús Marín-Solano

Publication date: 3 March 2014

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2013.02.023

Recommendations

• Consumption, investment and life insurance strategies with heterogeneous discounting
• Consumption and portfolio rules for time-inconsistent investors
• A consumption-investment problem with heterogeneous discounting
• Time-consistent portfolio management
• Non-exponential discounting portfolio management with habit formation

zbMATH Keywords

consumptionnon-constant discountingnaive and sophisticated agentshyperbolic preferencesportfolio and life insurance rules

Mathematics Subject Classification ID

Decision theory (91B06)

Cites Work

• Dynamic Choices of Hyperbolic Consumers
• Time-Consistent Portfolio Management
• Consumption and portfolio rules for time-inconsistent investors
• Time-inconsistent optimal control problems and the equilibrium HJB equation
• Non-constant discounting in continuous time
• The Calculus of Retirement Income
• Heterogeneous discounting in economic problems

Cited In (4)

• A solution method for heterogeneity involving present bias
• Consumption, investment and life insurance strategies with heterogeneous discounting
• Optimal life insurance and annuity demand under hyperbolic discounting when bequests are luxury goods
• A life insurance model with asymmetric time preferences

This page was built for publication: Non-constant discounting and consumption, portfolio and life insurance rules

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2437201)