no code implementations • 15 Feb 2023 • Shuoqing Deng, Xiang Yu, Jiacheng Zhang
When the sufficient condition of the attitude function is violated, we can illustrate by various examples that the characterization of the optimal equilibrium may differ significantly from some existing results for an individual agent.
no code implementations • 12 Jun 2020 • Shuoqing Deng, Xun Li, Huyen Pham, Xiang Yu
This paper studies the infinite-horizon optimal consumption with a path-dependent reference under exponential utility.