Saziye Gaziog-super-˜lu; Bastıyalı-Hayfavi, Azize - In: Applied Economics 42 (2010) 30, pp. 3831-3838
The article studies stochastic optimization of an intertemporal consumption model to allocate financial assets between risky and risk-free assets. We use a stochastic optimization technique, in which utility is maximized subject to a self-financing portfolio constraint. The papers in literature...