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-time models and stylized facts reported in the literature. We work within expected utility theory for portfolio selection with … constant relative risk aversion utility. The method extends a recursive polynomial exponential approximation framework by …
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In the past two decades increasing computational power resulted in the development of more advanced claims reserving techniques, allowing the stochastic branch to overcome the deterministic methods, resulting in forecasts of enhanced quality. Hence, not only point estimates, but predictive...
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