Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10003793732
Persistent link: https://www.econbiz.de/10003889751
Persistent link: https://www.econbiz.de/10009533449
Persistent link: https://www.econbiz.de/10009714656
Persistent link: https://www.econbiz.de/10011447270
We explicitly derive and explore the optimal consumption and portfolio policies of a loss- averse individual who endogenously updates his reference level over time. We find that he protects his current consumption by delaying painful reductions in consumption after a drop in wealth, and...
Persistent link: https://www.econbiz.de/10012972365
Persistent link: https://www.econbiz.de/10011723693
Persistent link: https://www.econbiz.de/10011665487
Persistent link: https://www.econbiz.de/10011806666
Persistent link: https://www.econbiz.de/10013387200