We examine the investment decision problem of a group whose members have heterogeneous time preferences. In particular … exponential discounting for their collective investment decisions even if all agents discount exponentially. We also exhibit …

We examine the investment decision problem of a group whose members have heterogeneous time preferences. In particular … exponential discounting for their collective investment decisions even if all agents discount exponentially. We also exhibit …

We examine the investment decision problem of a group whose members have heterogeneous time preferences. In particular … exponential discounting for their collective investment decisions even if all agents discount exponentially. We also exhibit …

study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk … outset, in the Decision Stage (Stage 1), each subject was asked to make an investment plan by splitting a monetary investment … amount between a risky asset and a safe asset. Subjects were informed that the investment plans they made in the Decision …

When finding the optimal consumption and investment decision rules of an individual, accounting for a change in the … sufficiently large habit formation lead to a hump-shaped consumption pattern and a decreasing investment into the risky asset, as …

dynamically optimize over consumption, investment in capital, and investment in information. The model predicts that investors … financial sector, such as the sources of variation in returns on information acquisition for investment banks or private equity …