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Practical Finance: An Approximate Solution to Lifecycle Portfolio Choice

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NBER2025-08-01 更新2025-08-30 收录
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https://www.nber.org/papers/w34166
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资源简介:
Research on normative household financial choices almost always gives quantitative guidance in one of two forms: a simple formula for an unrealistic setting, or numerical solutions for only a few parameter sets in a realistic setting. We propose a middle-ground approach we call practical finance:
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2025-08-01
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