Consumption-investment decisions with endogenous reference point and drawdown constraint
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Publication:6113174
DOI10.1007/s11579-023-00335-xzbMath1520.91229arXiv2204.00530MaRDI QIDQ6113174
Zongxia Liang, Xiao-Dong Luo, Fengyi Yuan
Publication date: 10 July 2023
Published in: Mathematics and Financial Economics (Search for Journal in Brave)
Full work available at URL: https://arxiv.org/abs/2204.00530
stochastic controlconsumer behaviordrawdown constraintendogenous reference pointpast consumption peak
Optimal stochastic control (93E20) Consumer behavior, demand theory (91B42) Financial markets (91G15)
Cites Work
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