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104
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MANSCI
2007
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MANSCI 2007
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Optimal Risk Taking with Flexible Income
15 years 3 months ago
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faculty.pepperdine.edu
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 ...
Jaksa Cvitanic, Levon Goukasian, Fernando Zapatero
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