Zero Investment in a High Yield Asset Can be Optimal

DOI10.1287/MOOR.14.3.457MaRDI QIDQ3824067zbMATH OpenOpenAlexFDO

Authors Ganlin Xu

Publication date 1989

Published in Mathematics of Operations Research (Search for Journal in Brave)

Full work available at URL https://semanticscholar.org/paper/9b529edf703a92f0efa5243c6101455790102759

zbMATH Keywords

investment decisioninterest rate of the bondmean rate of returnrisk averse agent

Mathematics Subject Classification ID

Optimality conditions for problems involving randomness (49K45) Economic growth models (91B62) Optimal stochastic control (93E20)

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