Insurance Mathematics and Economics · 2010 · 51 citations · 10 references
BusinessEconomicsInsuranceInsurance EconomicsLife InsuranceMarkov Decision ProcessesConsumer TheoryHousehold ConsumptionHousehold Decision-makingHousehold EconomicsHousehold Financial Decision-makingLife Insurance EconomicsConsumption-saving ModelsContinuous-time Markov ChainsContinuous-time Markov ProcessesHousehold Insurance ChoiceIntertemporal Consumption ChoiceLife Insurance ConsumptionOptimal ConsumptionUtility Optimization
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Optimum consumption and portfolio rules in a continuous-time model
Robert C. Merton · Journal of Economic Theory · 1971 · 6.2K citations
Social Sciences, Economics, Finance +16