The digital edition of all books may be viewed on our website before purchase. Excerpt from Optimal Consumption and Portfolio Rules: With Local Substitution (Classic Reprint)
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Vendeur : Forgotten Books, London, Royaume-Uni
Paperback. Etat : New. Print on Demand. This book studies a fundamental economic dilemma: how to allocate resources between current consumption and saving for future needs. The author applies modern continuous-time finance theory to show how an individual can manage a portfolio of risky and riskless assets and withdraw funds to maximize their expected utility from consumption over time. It also includes a deep dive into the concept of arbitrage opportunities and the necessary conditions for their absence. A timely and practical guide, this book will be of great interest to academics, students, and practitioners in finance and economics. It is also accessible to anyone with a background in probability and calculus who wishes to understand the mathematical underpinnings of optimal consumption and portfolio policies. The author's clear and comprehensive exposition of the subject makes this book an essential resource for anyone seeking to optimize their investment strategies. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781332273263_0
Quantité disponible : Plus de 20 disponibles
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781332273263
Quantité disponible : 15 disponible(s)
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781332273263
Quantité disponible : 15 disponible(s)
Vendeur : Buchpark, Trebbin, Allemagne
Etat : Sehr gut. Zustand: Sehr gut | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. N° de réf. du vendeur 26074734/2
Quantité disponible : 1 disponible(s)