Long-Run Savings and Investment Strategy Optimization

We focus on automatic strategies to optimize life cycle savings and investment. Classical optimal savings theory establishes that, given the level of risk aversion, a saver would keep the same relative amount invested in risky assets at any given time. We show that, when optimizing lifecycle investm...

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Bibliographic Details
Main Authors: Russell Gerrard, Montserrat Guillén, Jens Perch Nielsen, Ana M. Pérez-Marín
Format: Article
Language:English
Published: Wiley 2014-01-01
Series:The Scientific World Journal
Online Access:http://dx.doi.org/10.1155/2014/510531
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