Dynamic Trading with Realization Utility
收藏数据链接:
官方服务:
资源简介:
An investor receives utility bursts from realizing gains and losses at the individual-stock level (Barberis and Xiong, 2009, 2012; Ingersoll and Jin, 2013) and dynamically allocates his mental budget between risky and risk-free assets at the trading-account level. Using savings, he reduces his
提供机构:
美国国家经济研究局创建时间:
2022-03-01



