3 datasets found

In a continuous time life cycle model of consumption with uncertain lifetime and no ''pure time preference", we use a non-parametric specification of rank dependent...

A well-known common agreement in decision theory is that only exponential decision makers are time consistent i.e. with the mere passage of time, future choices must...

Stochastic optimal control is concerned with sequential decision-making under uncertainty. The theory of dynamic risk measures gives values to stochastic processes...