HIGHLIGHTS
- who: Sigrid Källblad from the Institut für Stochastik und Wirtschaftsmathematik, Technische Universität Wien, Wiedner Hauptstrasse, Vienna, Austria have published the Article: Risk- and ambiguity-averse portfolio optimization with quasiconcave utility functionals, in the Journal: (JOURNAL)
- what: The aim of this paper is to initiate such a study: within a dominated probabilistic setup, the authors consider an investor who trades in continuous time over a fixed finite horizon, evaluates terminal wealth according to (1.3), and maximizes this quantity over admissible trading strategies. The authors emphasize that the following result follows by minor . . .
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