de-Paz, Albert; Marín-Solano, Jesús; Navas, Jorge; … - In: Insurance: Mathematics and Economics 54 (2014) C, pp. 66-75
In this paper we analyze how the optimal consumption, investment and life insurance rules are modified by the introduction of a class of time-inconsistent preferences. In particular, we account for the fact that an agent’s preferences evolve along the planning horizon according to her...