Showing 1 - 2 of 2
Consider a lump-sum pension fund problem, in which an agent deposits an amount with a fund manager up front and is later repaid a lump sum x(T) after time T. The fund manager may be both cautious in seeking a payoff x(T) meeting a certain target, but relaxed toward the possibility of exceeding...
Persistent link: https://www.econbiz.de/10009272452
Persistent link: https://www.econbiz.de/10009563800