Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10001353476
Persistent link: https://www.econbiz.de/10001216509
Portfolio turnpike theorems show that if preferences at large wealth levels are similar to power utility, then the investment strategy converges to the power utility strategy as the horizon increases. We state and prove two simple and general portfolio turnpike theorems. Unlike existing...
Persistent link: https://www.econbiz.de/10012790442