Implications of Quasi-Geometric Discounting on the Observable Sharpe Ratio
نویسندگان
چکیده
منابع مشابه
Generalized quasi-geometric discounting
This paper derives the ‘generalized Euler equation’ for an agent with multi-period deviations from geometric discounting. The functional equation that describes optimal consumption-savings decisions involves manipulation of future selves and indirect manipulation of more distant selves through intervening selves. © 2007 Elsevier B.V. All rights reserved.
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2004
ISSN: 1556-5068
DOI: 10.2139/ssrn.556920