MANSCI
2007
13 years 4 months ago
2007
We study the portfolio selection problem of an investor who can optimally exert costly effort for more income. The possibility of generating more income, if necessary, increases ...
FC
2005
Springer
13 years 10 months ago
2005
Springer
Abstract. This work introduces a new tool for a fund manager to verifiably communicate portfolio risk characteristics to an investor. We address the classic dilemma: How can an in...