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Persistent link: https://www.econbiz.de/10010401598
In this paper, we revisit the consumption–investment problem with a general discount function and a logarithmic utility function in a non-Markovian framework. The coefficients in our model, including the interest rate, appreciation rate and volatility of the stock, are assumed to be adapted...
Persistent link: https://www.econbiz.de/10010785316