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Optimal Consumption and Portfolio Choice with Loss Aversion 

Curatola, Giuliano (2016-05-16)
This paper analyses the consumption-investment problem of a loss averse investor equipped with s-shaped utility over consumption relative to a time-varying reference level. Optimal consumption exceeds the reference level ...
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Author
Curatola, Giuliano (1)
Research AreaFinancial Markets (1)... View MoreJEL Classification
G11 (1)
G12 (1)
TopicConsumption (1)Investor Behaviour (1)
Monetary Policy (1)
Keywordconsumption-portfolio choice (1)habit-formation (1)loss-aversion (1)Date Issued
2016 (1)
Has File(s)Yes (1)
© 2021  SAFE  hebis Logo
Leibniz Gemeinschaft
About  Data Protection