Sciweavers

MANSCI
2007
70views more  MANSCI 2007»
13 years 11 months ago
Optimal Risk Taking with Flexible Income
We study the portfolio selection problem of an investor who can optimally exert costly effort for more income. The possibility of generating more income, if necessary, increases ...
Jaksa Cvitanic, Levon Goukasian, Fernando Zapatero