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|  | | 为了更好的帮助您理解掌握查询词或其译词在地道英语中的实际用法,我们为您准备了出自英文原文的大量英语例句,供您参考。 | |
It then follows that the corresponding investment strategy is also linear in wealth and the implied utility function exhibits hyperbolic absolute risk aversion.
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The goal is to choose optimal investment and consumption policies to maximize the infinite-horizon expected discounted hyperbolic absolute risk aversion (HARA) utility of consumption.
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| | For the case when asset prices satisfy the geometric Brownian motion's continuous-time consumption-portfolio problem,the model is simplified and explicit solutions for the optimal consumption and portfolio rules are derived.A few theorems about the optimal solutions are proved under the assumption that the utility function of the individual is a member of the hyperbolic absolute risk aversion(HARA) family. | | 对于资产价格服从几何Brown运动的连续时间消费投资组合问题,在假设个人的效用函数属于双曲型绝对风险厌恶函数族的条件下,简化了模型,得到了最优消费投资组合策略的显示解.并证明了几个关于最优解的重要定理. | | 文摘来源 | |   |
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