Optimal consumption and life insurance under shortfall aversion and a drawdown constraint
Year of publication: |
2023
|
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Authors: | Li, Xun ; Yu, Xiang ; Zhang, Qinyi |
Published in: |
Insurance / Mathematics & economics. - Amsterdam : Elsevier, ISSN 0167-6687, ZDB-ID 8864-X. - Vol. 108.2023, p. 25-45
|
Subject: | Consumption drawdown constraint | Life insurance | Optimal consumption | Piecewise feedback control | Shortfall aversion | Lebensversicherung | Portfolio-Management | Portfolio selection | Konsum | Consumption | Nachfragetheorie des Haushalts | Consumer demand theory | Konsumtheorie | Consumption theory | Konsumentenverhalten | Consumer behaviour |
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