Title: On Time-Consistent Portfolios with Time-Inconsistent Preferences
Abstract: Time-consistent equilibria are studied for intertemporal problems with general discount functions. An investment consumption model with life insurance is analyzed. Equilibrium strategies are derived for two classes of discount functions: time-distance discounting and heterogeneous discounting.
Publication Year: 2017
Publication Date: 2017-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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