کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1142489 957151 2011 6 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Consumption/investment problem when the investment opportunity set can be enlarged by information gathering
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات ریاضیات گسسته و ترکیبات
پیش نمایش صفحه اول مقاله
Consumption/investment problem when the investment opportunity set can be enlarged by information gathering
چکیده انگلیسی

I investigate an optimal information gathering and consumption/investment choice of an investor who can find a better opportunity by an information gathering option. I obtain a closed form solution, under which, the investor gathers information as soon as his wealth exceeds a certain critical level, consumes less and takes more risk than he would in the absence of such an option.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Operations Research Letters - Volume 39, Issue 4, July 2011, Pages 283–288
نویسندگان
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