Optimal investment strategy under time-inconsistent preferences and high-water mark contract
Year of publication: |
March 2016
|
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Authors: | A, Chunxiang ; Li, Zhongfei ; Wang, Fan |
Published in: |
Operations research letters. - Amsterdam [u.a.] : Elsevier, ISSN 0167-6377, ZDB-ID 720735-9. - Vol. 44.2016, 2, p. 212-218
|
Subject: | High-water mark (HWM) | Stochastic hyperbolic discounting | Time-inconsistency | Incentive fee | Sophisticated manager | Theorie | Theory | Zeitkonsistenz | Time consistency | Portfolio-Management | Portfolio selection | Leistungsanreiz | Performance incentive |
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