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State-dependent utility maximization in Lévy markets
Portfolio optimization L´ evy market duality method utility maximization shortfall risk minimization
2010/10/29
We revisitMerton’s portfolio optimization problem under bounded state-dependent utility functions, in a market driven by a L´evy process Z extending results by Karatzas et. al. [8] and Kunita [1...
AbstractThis paper estimates earnings differentials between state and non-state sectors for Chinese urban residents in 1996 by taking into account differences in non-wage benefits. Household survey da...
Getting real about biz options: Iowa State University prof’s study earns international research award（图）
managers biz options
2007/5/21
14th May 2007，AMES, Iowa -- Some managers throw money at a high-priced project in an effort to save it from failure. And while it may seem like they’re just throwing money away, they may ultimately pr...