Long-term individual financial planning under stochastic dominance constraints
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DOI: 10.1007/s10479-019-03253-8
Abstract: We analyse an optimal goal-based households’ asset-liability management problem characterised by a real estate target and a retirement goal over a long-term planning horizon. The problem is formulated as a multistage stochastic program and we… read more here.
Keywords: stochastic dominance; dominance; term individual; long term ... See more keywords