Optimal consumption, investment, and life insurance purchase: a state-dependent utilities approach

"We consider the problem of an individual who has to make decisions (under uncertainty) about optimal consumption, investment, and life insurance purchase in a financial market with a finite number of securities; the role of the life insurance is to protect the individual's family of an ev...

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Autores Principales: Gómez, Fabio, Londoño, Jaime A.
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: Taylor and Francis Group 2020
Materias:
Acceso en línea:https://repository.urosario.edu.co/handle/10336/26672
https://doi.org/10.1080/00207160.2020.1797699
id ir-10336-26672
recordtype dspace
spelling ir-10336-266722020-08-19T14:40:01Z Optimal consumption, investment, and life insurance purchase: a state-dependent utilities approach Compra de seguros de vida, inversión y consumo óptimos: un enfoque de servicios públicos dependientes del estado Gómez, Fabio Londoño, Jaime A. Optimal choice Life insurance State-dependent utility "We consider the problem of an individual who has to make decisions (under uncertainty) about optimal consumption, investment, and life insurance purchase in a financial market with a finite number of securities; the role of the life insurance is to protect the individual's family of an eventually early death. We propose facing the problem of optimal election under the alternative approach of state-dependent utilities; so we assume that preferences measure the agent's satisfaction for future cash flows valued by the market when the individual is making his/her decisions" 2020-01-01 2020-08-19T14:40:00Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion ISSN: 0020-7160 EISSN: 1029-0265 https://repository.urosario.edu.co/handle/10336/26672 https://doi.org/10.1080/00207160.2020.1797699 eng info:eu-repo/semantics/restrictedAccess application/pdf Taylor and Francis Group International Journal of Computer Mathematics
institution EdocUR - Universidad del Rosario
collection DSpace
language Inglés (English)
topic Optimal choice
Life insurance
State-dependent utility
spellingShingle Optimal choice
Life insurance
State-dependent utility
Gómez, Fabio
Londoño, Jaime A.
Optimal consumption, investment, and life insurance purchase: a state-dependent utilities approach
description "We consider the problem of an individual who has to make decisions (under uncertainty) about optimal consumption, investment, and life insurance purchase in a financial market with a finite number of securities; the role of the life insurance is to protect the individual's family of an eventually early death. We propose facing the problem of optimal election under the alternative approach of state-dependent utilities; so we assume that preferences measure the agent's satisfaction for future cash flows valued by the market when the individual is making his/her decisions"
format Artículo (Article)
author Gómez, Fabio
Londoño, Jaime A.
author_facet Gómez, Fabio
Londoño, Jaime A.
author_sort Gómez, Fabio
title Optimal consumption, investment, and life insurance purchase: a state-dependent utilities approach
title_short Optimal consumption, investment, and life insurance purchase: a state-dependent utilities approach
title_full Optimal consumption, investment, and life insurance purchase: a state-dependent utilities approach
title_fullStr Optimal consumption, investment, and life insurance purchase: a state-dependent utilities approach
title_full_unstemmed Optimal consumption, investment, and life insurance purchase: a state-dependent utilities approach
title_sort optimal consumption, investment, and life insurance purchase: a state-dependent utilities approach
publisher Taylor and Francis Group
publishDate 2020
url https://repository.urosario.edu.co/handle/10336/26672
https://doi.org/10.1080/00207160.2020.1797699
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score 11,368439